The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Penn Virginia met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. Non-GAAP loss per share increased. GAAP loss per share increased.
Gross margins increased, operating margins grew, net margins contracted.
Penn Virginia tallied revenue of $78.2 million. The nine analysts polled by S&P Capital IQ hoped for revenue of $79.0 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 -$0.22. The 13 earnings estimates compiled by S&P Capital IQ anticipated -$0.15 per share. Non-GAAP EPS were -$0.22 for Q4 compared to -$0.14 per share for the prior-year quarter. GAAP EPS were -$1.05 for Q4 compared to -$0.61 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 84.8%, 260 basis points better than the prior-year quarter. Operating margin was -7.6%, 4,890 basis points better than the prior-year quarter. Net margin was -69.6%, 3,350 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $81.5 million. On the bottom line, the average EPS estimate is -$0.15.
Next year's average estimate for revenue is $367.1 million. The average EPS estimate is -$0.43.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 191 members out of 247 rating the stock outperform, and 56 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Penn Virginia a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Penn Virginia is outperform, with an average price target of $6.86.
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