Kodiak Oil & Gas
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kodiak Oil & Gas missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share increased.
Gross margins shrank, operating margins grew, and net margins contracted.
Kodiak Oil & Gas notched revenue of $55.0 million. The 15 analysts polled by S&P Capital IQ foresaw revenue of $59.9 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $11.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0. The 20 earnings estimates compiled by S&P Capital IQ anticipated $0.09 per share on the same basis. GAAP EPS were -$0.15 for Q4 compared to -$0.03 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 75.7%, 290 basis points worse than the prior-year quarter. Operating margin was 33.1%, 7,330 basis points better than the prior-year quarter. Net margin was -61.4%, 2,180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $123.0 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $652.8 million. The average EPS estimate is $1.01.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 697 members out of 740 rating the stock outperform, and 43 members rating it underperform. Among 146 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 135 give Kodiak Oil & Gas a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kodiak Oil & Gas is outperform, with an average price target of $10.62.
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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.