Gran Tierra Energy (AMEX: GTE) reported earnings on Feb. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Gran Tierra Energy whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share grew. GAAP earnings per share grew significantly.
Gross margins contracted, operating margins dropped, net margins grew.
Gran Tierra Energy reported revenue of $144.7 million. The six analysts polled by S&P Capital IQ predicted sales of $165.3 million on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $161.4 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 $0.12. The eight earnings estimates compiled by S&P Capital IQ averaged $0.11 per share. Non-GAAP EPS of $0.12 for Q4 were 9.1% higher than the prior-year quarter's $0.11 per share. GAAP EPS of $0.15 for Q4 were 36% higher than the prior-year quarter's $0.11 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 74.7%, 970 basis points worse than the prior-year quarter. Operating margin was 35.7%, much worse than the prior-year quarter. Net margin was 29.1%, 890 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $168.8 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $711.8 million. The average EPS estimate is $0.59.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 357 members out of 380 rating the stock outperform, and 23 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Gran Tierra Energy a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gran Tierra Energy is outperform, with an average price target of $6.75.
Is Gran Tierra Energy the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Gran Tierra Energy to My Watchlist.
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.