The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ivanhoe Energy missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP loss per share dropped.
Gross margins dropped, operating margins improved, and net margins grew.
Ivanhoe Energy reported revenue of $9.1 million. The two analysts polled by S&P Capital IQ looked for a top line of $9.5 million on the same basis. GAAP reported sales were 48% higher than the prior-year quarter's $6.2 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 -$0.02. The one earnings estimate compiled by S&P Capital IQ anticipated -$0.03 per share. GAAP EPS were -$0.02 for Q4 versus -$0.06 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 -21.9%, 2,070 basis points worse than the prior-year quarter. Operating margin was -104.2%, 21,710 basis points better than the prior-year quarter. Net margin was -64.5%, 25,060 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $11.7 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $54.6 million. The average EPS estimate is -$0.14.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 276 members rating the stock outperform and 32 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Ivanhoe Energy a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ivanhoe Energy is outperform, with an average price target of $1.60.
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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.