Kodiak Oil & Gas
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Kodiak Oil & Gas missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins shrank, net margins dropped.
Kodiak Oil & Gas reported revenue of $112.1 million. The 14 analysts polled by S&P Capital IQ wanted to see a top line of $119.7 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $29.5 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 $0.13. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.11 per share. GAAP EPS of $0.01 for Q3 were 93% lower than the prior-year quarter's $0.15 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 79.5%, 150 basis points better than the prior-year quarter. Operating margin was 32.4%, 7,120 basis points worse than the prior-year quarter. Net margin was 3.1%, 10,140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $165.6 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $454.6 million. The average EPS estimate is $0.47.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 790 members out of 830 rating the stock outperform, and 40 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 112 give Kodiak Oil & Gas a green thumbs-up, and 11 give it a red thumbs-down.
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