Bonanza Creek Energy
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Bonanza Creek Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew. GAAP earnings per share grew.
Margins grew across the board.
Bonanza Creek Energy booked revenue of $73.6 million. The nine analysts polled by S&P Capital IQ predicted revenue of $68.5 million on the same basis. GAAP reported sales were 99% higher than the prior-year quarter's $36.9 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 $0.39. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.38 per share. Non-GAAP EPS were $0.39 for Q4 compared to -$0.01 per share for the prior-year quarter. GAAP EPS were $0.31 for Q4 against -$0.01 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 88.9%, 790 basis points better than the prior-year quarter. Operating margin was 41.4%, much better than the prior-year quarter. Net margin was 17.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $75.8 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $383.6 million. The average EPS estimate is $2.25.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bonanza Creek Energy is outperform, with an average price target of $29.50.
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