The 10-second takeaway
For the quarter ended March 31 (Q1), Talisman Energy missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew.
Gross margins contracted, operating margins expanded, net margins grew.
Talisman Energy recorded revenue of $2.10 billion. The six analysts polled by S&P Capital IQ hoped for revenue of $2.18 billion on the same basis. GAAP reported sales were 5.8% higher than the prior-year quarter's $2.00 billion.
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 $0.16. The nine earnings estimates compiled by S&P Capital IQ averaged $0.25 per share. GAAP EPS were $0.25 for Q1 versus -$0.32 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 69.9%, 470 basis points worse than the prior-year quarter. Operating margin was 32.2%, 860 basis points better than the prior-year quarter. Net margin was 13.8%, 3,010 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.11 billion. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $8.56 billion. The average EPS estimate is $0.96.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 562 members out of 584 rating the stock outperform, and 22 members rating it underperform. Among 127 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Talisman 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 Talisman Energy is outperform, with an average price target of $16.49.
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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.