Talisman Energy (TSX: TLM) reported earnings on Oct. 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Talisman Energy met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Talisman Energy booked revenue of $1.75 billion. The eight analysts polled by S&P Capital IQ predicted sales of $1.77 billion on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $1.96 billion.
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 -$0.04. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS were -$0.71 for Q3 compared to $0.24 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 61.4%, 770 basis points worse than the prior-year quarter. Operating margin was 8.7%, 3,960 basis points worse than the prior-year quarter. Net margin was -42.5%, 6,910 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.81 billion. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $7.53 billion. The average EPS estimate is $0.30.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 559 members out of 582 rating the stock outperform, and 23 members rating it underperform. Among 125 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 118 give Talisman 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 Talisman Energy is outperform, with an average price target of $15.44.
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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.