Gran Tierra Energy
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Gran Tierra Energy beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.
Margins increased across the board.
Gran Tierra Energy recorded revenue of $161.4 million. The four analysts polled by S&P Capital IQ expected to see a top line of $150.0 million on the same basis. GAAP reported sales were 44% higher than the prior-year quarter's $112.5 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 two earnings estimates compiled by S&P Capital IQ averaged $0.13 per share. GAAP EPS of $0.11 for Q4 were 120% higher than the prior-year quarter's $0.05 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 84.4%, 250 basis points better than the prior-year quarter. Operating margin was 31.8%, 1,430 basis points better than the prior-year quarter. Net margin was 20.1%, 840 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $187.3 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $687.3 million. The average EPS estimate is $0.52.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 343 members out of 364 rating the stock outperform, and 21 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Gran Tierra Energy 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 Gran Tierra Energy is outperform, with an average price target of $7.50.
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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.