The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Warren Resources missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share increased.
Gross margins contracted, operating margins dropped, net margins increased.
Warren Resources reported revenue of $31.9 million. The two analysts polled by S&P Capital IQ expected to see revenue of $32.6 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $27.3 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 $0.04. The three earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. Non-GAAP EPS of $0.04 for Q4 were 50% lower than the prior-year quarter's $0.08 per share. GAAP EPS of $0.06 for Q4 were 50% higher than the prior-year quarter's $0.04 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 67.7%, 920 basis points worse than the prior-year quarter. Operating margin was 12.8%, 220 basis points worse than the prior-year quarter. Net margin was 12.7%, 170 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $33.9 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $140.5 million. The average EPS estimate is $0.30.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 318 members out of 332 rating the stock outperform, and 14 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Warren Resources a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Warren Resources is outperform, with an average price target of $4.63.
Is Warren 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 Warren Resources to My Watchlist.