EPL Oil & Gas
The 10-second takeaway
For the quarter ended March 31 (Q1), EPL Oil & Gas 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 significantly. GAAP earnings per share grew significantly.
Gross margins dropped, operating margins increased, net margins grew.
EPL Oil & Gas logged revenue of $182.3 million. The eight analysts polled by S&P Capital IQ foresaw a top line of $165.6 million on the same basis. GAAP reported sales were 85% higher than the prior-year quarter's $98.8 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 $0.91. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.84 per share. Non-GAAP EPS of $0.91 for Q1 were 168% higher than the prior-year quarter's $0.34 per share. GAAP EPS of $0.74 for Q1 were much higher than the prior-year quarter's $0.04 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 76.8%, 440 basis points worse than the prior-year quarter. Operating margin was 39.9%, much better than the prior-year quarter. Net margin was 15.9%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $172.4 million. On the bottom line, the average EPS estimate is $0.93.
Next year's average estimate for revenue is $695.2 million. The average EPS estimate is $3.78.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 150 members out of 160 rating the stock outperform, and 10 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give EPL Oil & Gas 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 EPL Oil & Gas is outperform, with an average price target of $32.14.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.