The 10-second takeaway
For the quarter ended March 31 (Q1), GeoResources met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Margins increased across the board.
GeoResources chalked up revenue of $44.8 million. The seven analysts polled by S&P Capital IQ predicted sales of $44.8 million on the same basis. GAAP reported sales were 67% higher than the prior-year quarter's $26.7 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 $0.44. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.46 per share. GAAP EPS of $0.44 for Q1 were 69% higher than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 83.7%, 250 basis points better than the prior-year quarter. Operating margin was 42.6%, 700 basis points better than the prior-year quarter. Net margin was 25.7%, 210 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $48.9 million. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $207.7 million. The average EPS estimate is $2.16.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 487 members out of 503 rating the stock outperform, and 16 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give GeoResources a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on GeoResources is outperform, with an average price target of $37.
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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.