The 10-second takeaway
For the quarter ended Dec. 31 (Q4), SandRidge Energy crushed expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share expanded significantly. GAAP loss per share dropped.
Gross margins shrank, operating margins grew, net margins increased.
SandRidge Energy booked revenue of $1.34 billion. The 17 analysts polled by S&P Capital IQ predicted sales of $547.5 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $373.8 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 $0.06. The 24 earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. Non-GAAP EPS of $0.06 for Q4 were 200% higher than the prior-year quarter's $0.02 per share. GAAP EPS were -$0.63 for Q4 versus -$1.08 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 27.5%, much worse than the prior-year quarter. Operating margin was 7.8%, much better than the prior-year quarter. Net margin was -21.5%, much better than the prior-year quarter.
Next quarter's average estimate for revenue is $456.9 million. On the bottom line, the average EPS estimate is -$0.06.
Next year's average estimate for revenue is $1.78 billion. The average EPS estimate is -$0.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,453 members out of 1,515 rating the stock outperform, and 62 members rating it underperform. Among 303 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 289 give SandRidge Energy a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SandRidge Energy is hold, with an average price target of $7.50.
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