The 10-second takeaway
For the quarter ended Dec. 31 (Q4), PetroQuest Energy met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped to a loss.
Margins shrank across the board.
PetroQuest Energy reported revenue of $38.2 million. The five analysts polled by S&P Capital IQ expected to see sales of $38.5 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 $0.04. The seven earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. Non-GAAP EPS of $0.04 for Q4 were 43% lower than the prior-year quarter's $0.07 per share. GAAP EPS were -$0.41 for Q4 compared to $0.04 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 70.5%, 450 basis points worse than the prior-year quarter. Operating margin was 16.5%, 70 basis points worse than the prior-year quarter. Net margin was -63.3%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $37.4 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $162.9 million. The average EPS estimate is $0.05.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 427 members out of 454 rating the stock outperform, and 27 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give PetroQuest 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 PetroQuest Energy is outperform, with an average price target of $7.66.
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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.