The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Matador Resources beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share contracted to a loss.
Margins contracted across the board.
Matador Resources recorded revenue of $51.9 million. The four analysts polled by S&P Capital IQ foresaw revenue of $51.1 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $15.0 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 $0.17. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.13 per share. Non-GAAP EPS of $0.17 for Q4 were much higher than the prior-year quarter's $0.02 per share. GAAP EPS were -$0.38 for Q4 versus $0.08 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 71.6%, 780 basis points worse than the prior-year quarter. Operating margin was -39.4%, much worse than the prior-year quarter. Net margin was -40.8%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $46.4 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $208.4 million. The average EPS estimate is $0.39.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Matador Resources is outperform, with an average price target of $12.71.
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