Kodiak Oil & Gas
The 10-second takeaway
For the quarter ended March 31 (Q1), Kodiak Oil & Gas whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased.
Gross margins dropped, operating margins increased, and net margins improved.
Kodiak Oil & Gas chalked up revenue of $79.9 million. The 11 analysts polled by S&P Capital IQ expected a top line of $92.6 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $13.4 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 $0.09. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.11 per share. GAAP EPS were $0.01 for Q1 compared to -$0.04 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 78.4%, 240 basis points worse than the prior-year quarter. Operating margin was 35.6%, 8,970 basis points better than the prior-year quarter. Net margin was 2.2%, 5,600 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $118.8 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $565.7 million. The average EPS estimate is $0.70.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 718 members out of 759 rating the stock outperform, and 41 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 104 give Kodiak Oil & Gas a green thumbs-up, and 14 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 $11.38.
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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.