The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Energen 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 dropped across the board.
Energen logged revenue of $295.3 million. The six analysts polled by S&P Capital IQ expected a top line of $347.4 million on the same basis. GAAP reported sales were 22% lower than the prior-year quarter's $378.6 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 11 earnings estimates compiled by S&P Capital IQ forecast $0.61 per share. GAAP EPS of $0.03 for Q3 were 98% lower than the prior-year quarter's $1.21 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 49.4%, 1,820 basis points worse than the prior-year quarter. Operating margin was 6.6%, 3,310 basis points worse than the prior-year quarter. Net margin was 0.7%, 2,240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $405.9 million. On the bottom line, the average EPS estimate is $0.92.
Next year's average estimate for revenue is $1.53 billion. The average EPS estimate is $3.57.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 265 members out of 274 rating the stock outperform, and nine members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Energen a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energen is outperform, with an average price target of $59.67.
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