The 10-second takeaway
For the quarter ended March 31 (Q1), InterOil beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share shrank significantly.
Gross margins contracted, operating margins grew, net margins dropped.
InterOil tallied revenue of $350.3 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $309.4 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 $0.08. The two earnings estimates compiled by S&P Capital IQ predicted -$0.12 per share. GAAP EPS of $0.08 for Q1 were 58% lower than the prior-year quarter's $0.19 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 10.2%, 60 basis points worse than the prior-year quarter. Operating margin was 5.5%, 180 basis points better than the prior-year quarter. Net margin was 1.1%, 170 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $255.7 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $1.69 billion. The average EPS estimate is -$0.38.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 276 members out of 613 rating the stock outperform, and 337 members rating it underperform. Among 189 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give InterOil a green thumbs-up, and 137 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on InterOil is outperform, with an average price target of $100.00.
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