The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Gulfport Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and GAAP earnings per share improved significantly.
Margins increased across the board.
Gulfport Energy recorded revenue of $68.9 million. The 10 analysts polled by S&P Capital IQ wanted to see net sales of $59.6 million on the same basis. GAAP reported sales were 82% higher than the prior-year quarter's $38 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 $0.59. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.57 per share. GAAP EPS of $0.59 for Q4 were 84% higher than the prior-year quarter's $0.32 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 80.3%, 390 basis points better than the prior-year quarter. Operating margin was 45.8%, 570 basis points better than the prior-year quarter. Net margin was 44.9%, 720 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $62.5 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $281.9 million. The average EPS estimate is $2.49.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulfport Energy is outperform, with an average price target of $40.70.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.