The 10-second takeaway
For the quarter ended March 31 (Q1), Swift Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew significantly. GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins increased, net margins increased.
Swift Energy notched revenue of $146.2 million. The nine analysts polled by S&P Capital IQ looked for a top line of $136.5 million on the same basis. GAAP reported sales were 7.4% higher than the prior-year quarter's $136.1 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 $0.16. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.13 per share. Non-GAAP EPS of $0.16 for Q1 were 100% higher than the prior-year quarter's $0.08 per share. GAAP EPS of $0.17 for Q1 were 113% higher than the prior-year quarter's $0.08 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 77.1%, 140 basis points worse than the prior-year quarter. Operating margin was 19.4%, 520 basis points better than the prior-year quarter. Net margin was 4.9%, 230 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $144.1 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $590.6 million. The average EPS estimate is $0.62.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 256 members out of 279 rating the stock outperform, and 23 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Swift Energy a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Swift Energy is outperform, with an average price target of $23.50.
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