Penn Virginia
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Penn Virginia met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP loss per share increased.
Margins shrank across the board.
Revenue details
Penn Virginia booked revenue of $77.7 million. The nine analysts polled by S&P Capital IQ looked for revenue of $78.6 million on the same basis. GAAP reported sales were 7.4% lower than the prior-year quarter's $83.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at -$0.16. The 13 earnings estimates compiled by S&P Capital IQ forecast -$0.21 per share. GAAP EPS were -$0.71 for Q3 against -$0.15 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 82.0%, 20 basis points worse than the prior-year quarter. Operating margin was -9.3%, 1,440 basis points worse than the prior-year quarter. Net margin was -42.3%, 3,420 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $77.7 million. On the bottom line, the average EPS estimate is -$0.19.
Next year's average estimate for revenue is $324.8 million. The average EPS estimate is -$0.79.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 191 members out of 243 rating the stock outperform, and 52 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Penn Virginia a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Penn Virginia is outperform, with an average price target of $8.09.
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