Contango Oil & Gas (AMEX: MCF) reported earnings on Nov. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Contango Oil & Gas whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Contango Oil & Gas reported revenue of $29.8 million. The one analyst polled by S&P Capital IQ expected to see revenue of $40.7 million on the same basis. GAAP reported sales were 33% lower than the prior-year quarter's $44.2 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 -$1.80. The one earnings estimate compiled by S&P Capital IQ anticipated $0.77 per share. GAAP EPS were -$1.80 for Q1 versus $0.95 per share for 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 78.3%, 840 basis points worse than the prior-year quarter. Operating margin was -141.9%, 19,630 basis points worse than the prior-year quarter. Net margin was -92.6%, 12,630 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $41.4 million. On the bottom line, the average EPS estimate is $0.80.
Next year's average estimate for revenue is $167.1 million. The average EPS estimate is $3.28.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 517 members out of 533 rating the stock outperform, and 16 members rating it underperform. Among 126 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Contango Oil & Gas a green thumbs-up, and four give it a red thumbs-down.
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