The 10-second takeaway
For the quarter ended Dec. 31 (Q4), BPZ Resources beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP loss per share dropped. GAAP earnings per share expanded.
Gross margins shrank, operating margins increased, net margins expanded.
BPZ Resources notched revenue of $25.1 million. The six analysts polled by S&P Capital IQ hoped for net sales of $22.9 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $31.9 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 -$0.11. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.11 per share. Non-GAAP EPS were -$0.11 for Q4 against -$0.26 per share for the prior-year quarter. GAAP EPS were $0.12 for Q4 versus -$0.27 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 13.8%, much worse than the prior-year quarter. Operating margin was -66.3%, much better than the prior-year quarter. Net margin was 55.3%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $13.2 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $89.4 million. The average EPS estimate is -$0.21.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 830 members out of 869 rating the stock outperform, and 39 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give BPZ Resources a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BPZ Resources is outperform, with an average price target of $4.90.
Is BPZ Resources 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 BPZ Resources to My Watchlist.