The 10-second takeaway
For the quarter ended March 31 (Q1), BPZ Resources beat slightly on revenues and missed expectations on earnings per share.
Compared with the prior-year quarter, revenue contracted and GAAP loss per share grew.
Margins shrank across the board.
BPZ Resources reported revenue of $36.6 million. The two analysts polled by S&P Capital IQ looked for revenue of $36.0 million on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $38.7 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 -$0.19. The three earnings estimates compiled by S&P Capital IQ averaged -$0.04 per share. GAAP EPS were -$0.24 for Q1 versus -$0.07 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 2.4%, 5,370 basis points worse than the prior-year quarter. Operating margin was -51.8%, 4,140 basis points worse than the prior-year quarter. Net margin was -74.7%, 5,380 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $27.4 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $111.6 million. The average EPS estimate is -$0.18.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 848 members out of 887 rating the stock outperform, and 39 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 116 give BPZ Resources a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BPZ Resources is buy, with an average price target of $5.50.
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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. He is the 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 don't 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.