Vanguard Natural Resources
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vanguard Natural Resources beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share contracted significantly. GAAP loss per share grew.
Gross margins grew, operating margins dropped, net margins dropped.
Vanguard Natural Resources chalked up revenue of $110.7 million. The six analysts polled by S&P Capital IQ predicted a top line of $93.1 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $86.0 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 $0.27. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. Non-GAAP EPS of $0.27 for Q4 were 64% lower than the prior-year quarter's $0.76 per share. GAAP EPS were -$3.41 for Q4 versus -$0.42 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 74.9%, 660 basis points better than the prior-year quarter. Operating margin was -166.8%, much worse than the prior-year quarter. Net margin was -182.1%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $113.5 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $451.9 million. The average EPS estimate is $1.33.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 259 members out of 271 rating the stock outperform, and 12 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Vanguard Natural Resources a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vanguard Natural Resources is buy, with an average price target of $32.67.
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