Evolution Petroleum (AMEX: EPM) reported earnings on Sep. 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q4), Evolution Petroleum missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.
Margins grew across the board.
Evolution Petroleum logged revenue of $4.6 million. The one analyst polled by S&P Capital IQ anticipated revenue of $5.0 million on the same basis. GAAP reported sales were 45% higher than the prior-year quarter's $3.2 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 $0.03. The two earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. GAAP EPS of $0.03 for Q4 were 50% higher than the prior-year quarter's $0.02 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 90.2%, 200 basis points better than the prior-year quarter. Operating margin was 46.3%, 810 basis points better than the prior-year quarter. Net margin was 23.9%, 700 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $5.0 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $21.0 million. The average EPS estimate is $0.38.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 225 members out of 234 rating the stock outperform, and nine members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give Evolution Petroleum a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Evolution Petroleum is buy, with an average price target of $12.00.
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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. 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.