Panhandle Oil and Gas
The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Panhandle Oil and Gas beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Panhandle Oil and Gas booked revenue of $11.0 million. The one analyst polled by S&P Capital IQ anticipated revenue of $10.1 million on the same basis. GAAP reported sales were 6.2% lower than the prior-year quarter's $11.8 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 one earnings estimate compiled by S&P Capital IQ averaged $0.15 per share. GAAP EPS of $0.02 for Q4 were 94% lower than the prior-year quarter's $0.32 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 73.3%, 650 basis points worse than the prior-year quarter. Operating margin was 4.4%, 2,510 basis points worse than the prior-year quarter. Net margin was 1.7%, 2,080 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $10.6 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $45.1 million. The average EPS estimate is $0.88.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 231 members out of 236 rating the stock outperform, and five members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Panhandle Oil and Gas a green thumbs-up, and one give it a red thumbs-down.
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