The 10-second takeaway
For the quarter ended March 31 (Q1), BPZ Resources missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly. GAAP loss per share dropped.
Gross margins grew, operating margins dropped, net margins dropped.
BPZ Resources tallied revenue of $13.3 million. The five analysts polled by S&P Capital IQ expected to see a top line of $13.9 million on the same basis. GAAP reported sales were 64% lower than the prior-year quarter's $36.6 million.
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 -$0.11. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.09 per share. GAAP EPS were -$0.11 for Q1 versus -$0.24 per share for 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 47.2%, much better than the prior-year quarter. Operating margin was -54.4%, 260 basis points worse than the prior-year quarter. Net margin was -96.0%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $12.9 million. On the bottom line, the average EPS estimate is -$0.09.
Next year's average estimate for revenue is $70.4 million. The average EPS estimate is -$0.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 831 members out of 870 rating the stock outperform, and 39 members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give BPZ Resources a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BPZ Resources is outperform, with an average price target of $5.00.
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