Kosmos Energy Ltd
The 10-second takeaway
For the quarter ended June 30 (Q2), Kosmos Energy Ltd beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share improved.
Margins shrank across the board.
Kosmos Energy Ltd booked revenue of $112.7 million. The three analysts polled by S&P Capital IQ expected revenue of $109.8 million on the same basis. GAAP reported sales were 9.5% lower than the prior-year quarter's $124.2 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 -$0.07. The six earnings estimates compiled by S&P Capital IQ averaged -$0.09 per share. GAAP EPS were -$0.07 for Q2 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 82.6%, 590 basis points worse than the prior-year quarter. Operating margin was 8.9%, 760 basis points worse than the prior-year quarter. Net margin was -22.1%, 1,480 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $200.0 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $644.6 million. The average EPS estimate is -$0.16.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 11 members out of 15 rating the stock outperform, and four members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give Kosmos Energy Ltd a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kosmos Energy Ltd is outperform, with an average price target of $17.59.
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