Vanguard Natural Resources
The 10-second takeaway
For the quarter ended March 31 (Q1), Vanguard Natural Resources whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share dropped significantly. GAAP loss per share expanded.
Margins dropped across the board.
Vanguard Natural Resources reported revenue of $96.7 million. The three analysts polled by S&P Capital IQ expected sales of $110.3 million on the same basis. GAAP reported sales were 19% lower than the prior-year quarter's $82.7 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 $0.26. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.27 per share. Non-GAAP EPS of $0.26 for Q1 were 37% lower than the prior-year quarter's $0.41 per share. GAAP EPS were -$0.42 for Q1 versus -$0.04 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 50.3%, much worse than the prior-year quarter. Operating margin was -16.8%, much worse than the prior-year quarter. Net margin was -40.1%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $119.3 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $448.6 million. The average EPS estimate is $1.36.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 259 members out of 272 rating the stock outperform, and 13 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Vanguard Natural Resources a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vanguard Natural Resources is outperform, with an average price target of $31.93.
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