Northern Oil and Gas (AMEX: NOG) reported earnings on May 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Northern Oil and Gas met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share stayed the same.
Gross margins shrank, operating margins grew, net margins dropped.
Northern Oil and Gas reported revenue of $82.8 million. The eight analysts polled by S&P Capital IQ foresaw revenue of $82.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.29. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.27 per share. Non-GAAP EPS of $0.29 for Q1 were 26% higher than the prior-year quarter's $0.23 per share. GAAP EPS of $0.14 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 75.8%, 490 basis points worse than the prior-year quarter. Operating margin was 30.4%, 770 basis points better than the prior-year quarter. Net margin was 13.2%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $90.5 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $382.7 million. The average EPS estimate is $1.29.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 590 members out of 646 rating the stock outperform, and 56 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give Northern Oil and Gas a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Northern Oil and Gas is outperform, with an average price target of $20.30.
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