Vanguard Natural Resources
The 10-second takeaway
For the quarter ended March 31 (Q1), Vanguard Natural Resources beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP loss per share shrank.
Gross margins contracted, operating margins improved, net margins grew.
Vanguard Natural Resources logged revenue of $82.7 million. The seven analysts polled by S&P Capital IQ predicted revenue of $77.1 million on the same basis. GAAP-reported sales were 15% higher than the prior-year quarter's $72 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 $0.41. The six earnings estimates compiled by S&P Capital IQ averaged $0.49 per share. GAAP EPS were -$0.04 for Q1, versus -$1.01 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 69.3%, 420 basis points worse than the prior-year quarter. Operating margin was 5.5%, 6,440 basis points better than the prior-year quarter. Net margin was -2.4%, 3,980 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $82 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $333.9 million. The average EPS estimate is $2.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 241 members rating the stock outperform and 13 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Vanguard Natural Resources a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vanguard Natural Resources is outperform, with an average price target of $32.07.
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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.