Gran Tierra Energy
The 10-second takeaway
For the quarter ended March 31 (Q1), Gran Tierra Energy beat expectations on revenues and missed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped to zero.
Margins shrank across the board.
Gran Tierra Energy recorded revenue of $156.0 million. The three analysts polled by S&P Capital IQ anticipated revenue of $141.9 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $122.3 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 $0.00. The four earnings estimates compiled by S&P Capital IQ averaged $0.13 per share. GAAP EPS dropped to zero from the prior-year quarter's $0.05.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 84.3%, 230 basis points worse than the prior-year quarter. Operating margin was 35.4%, 780 basis points worse than the prior-year quarter. Net margin was -0.2%, 1,140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $186.8 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $731.0 million. The average EPS estimate is $0.61.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 350 members out of 372 rating the stock outperform, and 22 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Gran Tierra Energy a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gran Tierra Energy is buy, with an average price target of $8.39.
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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.