Advantage Oil & Gas
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Advantage Oil & Gas beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share didn't move.
Margins dropped across the board.
Advantage Oil & Gas reported revenue of $63.0 million. The three analysts polled by S&P Capital IQ wanted to see a top line of $56.9 million on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $72.4 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 -$0.02. The three earnings estimates compiled by S&P Capital IQ predicted -$0.07 per share. GAAP EPS of -$0.02 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 60.5%, 950 basis points worse than the prior-year quarter. Operating margin was -10.4%, 1,810 basis points worse than the prior-year quarter. Net margin was -5.1%, 110 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $77.7 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $283.6 million. The average EPS estimate is -$0.25.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 575 members out of 606 rating the stock outperform, and 31 members rating it underperform. Among 98 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Advantage Oil & Gas a green thumbs-up, and four give it a red thumbs-down.
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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.
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