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Triangle Petroleum Earnings Up Next

By Seth Jayson - Updated Apr 10, 2017 at 12:52PM

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Checking expectations

Triangle Petroleum (AMEX: TPLM) is expected to report Q4 earnings around April 19. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Triangle Petroleum's revenues will expand 563.7% and EPS will come to zero.

The average estimate for revenue is $23.5 million. On the bottom line, the average EPS estimate is $0.00.

Revenue details
Last quarter, Triangle Petroleum logged revenue of $23.2 million. GAAP reported sales were much higher than the prior-year quarter's $3.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at -$0.01. GAAP EPS were $0.02 for Q3 compared to -$0.05 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 50.2%, much worse than the prior-year quarter. Operating margin was 11.5%, much better than the prior-year quarter. Net margin was 4.3%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $59.4 million. The average EPS estimate is -$0.08.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 91 members out of 94 rating the stock outperform, and three members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give Triangle Petroleum a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Triangle Petroleum is outperform, with an average price target of $9.94.

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