Gran Tierra Energy (AMEX: GTE) reported earnings on Aug. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Gran Tierra Energy whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Gran Tierra Energy recorded revenue of $115.2 million. The five analysts polled by S&P Capital IQ predicted sales of $141.8 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $161.7 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 $0.05. The five earnings estimates compiled by S&P Capital IQ averaged $0.12 per share. GAAP EPS of $0.05 for Q2 were 55% lower than the prior-year quarter's $0.11 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 76.3%, 940 basis points worse than the prior-year quarter. Operating margin was 32.7%, 1,480 basis points worse than the prior-year quarter. Net margin was 11.4%, 810 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $160.1 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $638.2 million. The average EPS estimate is $0.31.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 354 members out of 377 rating the stock outperform, and 23 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Gran Tierra Energy a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gran Tierra Energy is outperform, with an average price target of $8.22.
- Add Gran Tierra Energy to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. 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.