The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kosmos Energy missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share was unchanged. GAAP earnings per share dropped.
Gross margins increased, operating margins increased, net margins dropped.
Kosmos Energy booked revenue of $219.8 million. The six analysts polled by S&P Capital IQ hoped for revenue of $224.5 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 $0.09. The nine earnings estimates compiled by S&P Capital IQ averaged $0.06 per share. Non-GAAP EPS of $0.09 were the same as the prior-year quarter. GAAP EPS of $0.08 for Q4 were 11% lower than the prior-year quarter's $0.09 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 89.4%, 80 basis points better than the prior-year quarter. Operating margin was 38.4%, 490 basis points better than the prior-year quarter. Net margin was 14.4%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $226.3 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $0.24.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 11 members out of 15 rating the stock outperform, and four members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give Kosmos Energy a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kosmos Energy is outperform, with an average price target of $16.05.
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