The 10-second takeaway
For the quarter ended Dec. 31 (Q4), BPZ Resources crushed expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped, and GAAP loss per share grew.
Margins dropped across the board.
BPZ Resources chalked up revenue of $31.9 million. The two analysts polled by S&P Capital IQ predicted revenue of $25.2 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $37.3 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 -$0.26. The five earnings estimates compiled by S&P Capital IQ predicted -$0.12 per share on the same basis. GAAP EPS were -$0.27 for Q4 against -$0.09 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 29%, 5,960 basis points worse than the prior-year quarter. Operating margin was -87.4%, 5,610 basis points worse than the prior-year quarter. Net margin was -99.5%, 7,250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $35.5 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $157.7 million. The average EPS estimate is -$0.07.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 850 members rating the stock outperform and 36 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 124 give BPZ Resources a green thumbs-up, and nine 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 $5.50.
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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.