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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