Advantage Oil & Gas
The 10-second takeaway
For the quarter ended March 31 (Q1), Advantage Oil & Gas whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP loss per share grew.
Margins shrank across the board.
Advantage Oil & Gas chalked up revenue of $33.5 million. The two analysts polled by S&P Capital IQ expected to see revenue of $65.6 million on the same basis. GAAP reported sales were 8.8% lower than the prior-year quarter's $70.2 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 -$0.06. The two earnings estimates compiled by S&P Capital IQ forecast $0.00 per share. GAAP EPS were -$0.06 for Q1 versus -$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 64.1%, 290 basis points worse than the prior-year quarter. Operating margin was -5.9%, 810 basis points worse than the prior-year quarter. Net margin was -16.5%, 810 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $69.7 million. On the bottom line, the average EPS estimate is -$0.11.
Next year's average estimate for revenue is $127.8 million. The average EPS estimate is -$0.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 585 members out of 611 rating the stock outperform, and 26 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Advantage Oil & Gas a green thumbs-up, and three give it a red thumbs-down.
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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.