Evolution Petroleum (AMEX: EPM) reported earnings on Nov. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Evolution Petroleum whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share didn't change.
Margins dropped across the board.
Evolution Petroleum logged revenue of $4.3 million. The two analysts polled by S&P Capital IQ predicted revenue of $5.2 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $3.9 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 $0.03. The two earnings estimates compiled by S&P Capital IQ averaged $0.06 per share. GAAP EPS of $0.03 were the same as 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 92.1%, 230 basis points worse than the prior-year quarter. Operating margin was 45.0%, 670 basis points worse than the prior-year quarter. Net margin was 27.0%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $5.7 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $28.4 million. The average EPS estimate is $0.32.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 226 members out of 235 rating the stock outperform, and nine members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Evolution Petroleum a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Evolution Petroleum is buy, with an average price target of $12.00.
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