Panhandle Oil and Gas
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Panhandle Oil and Gas met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Panhandle Oil and Gas recorded revenue of $14.2 million. The one analyst polled by S&P Capital IQ expected to see revenue of $14.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.26. The one earnings estimate compiled by S&P Capital IQ forecast $0.31 per share. GAAP EPS of $0.26 for Q1 were 37% lower than the prior-year quarter's $0.41 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 74.3%, 570 basis points worse than the prior-year quarter. Operating margin was 19.4%, 1,070 basis points worse than the prior-year quarter. Net margin was 15.3%, 1,000 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $14.7 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $59.6 million. The average EPS estimate is $1.39.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 230 members out of 235 rating the stock outperform, and five members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Panhandle Oil and Gas a green thumbs-up, and one 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 position in any of the stocks mentioned. 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.