The 10-second takeaway
For the quarter ended June 30 (Q2), Golar LNG beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased.
Margins grew across the board.
Golar LNG logged revenue of $107.0 million. The 10 analysts polled by S&P Capital IQ expected sales of $102.8 million on the same basis. GAAP reported sales were 45% higher than the prior-year quarter's $74.0 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 $0.44. The five earnings estimates compiled by S&P Capital IQ predicted $0.46 per share. GAAP EPS were $0.44 for Q2 against -$0.01 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 80.5%, 350 basis points better than the prior-year quarter. Operating margin was 54.2%, 2,540 basis points better than the prior-year quarter. Net margin was 33.1%, 3,390 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $117.7 million. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $435.0 million. The average EPS estimate is $1.98.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 552 members out of 575 rating the stock outperform, and 23 members rating it underperform. Among 137 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 130 give Golar LNG 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 Golar LNG is outperform, with an average price target of $50.23.
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