Gran Tierra Energy (AMEX: GTE) reported earnings on May 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Gran Tierra Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share grew. GAAP earnings per share grew.
Gross margins contracted, operating margins contracted, net margins grew.
Gran Tierra Energy booked revenue of $204.8 million. The five analysts polled by S&P Capital IQ wanted to see sales of $188.4 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $155.2 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 $0.19. The five earnings estimates compiled by S&P Capital IQ predicted $0.15 per share. Non-GAAP EPS of $0.19 for Q1 were much higher than the prior-year quarter's $0.00 per share. GAAP EPS of $0.20 for Q1 were much higher than the prior-year quarter's $0.00 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 80.0%, 420 basis points worse than the prior-year quarter. Operating margin was 46.0%, 210 basis points worse than the prior-year quarter. Net margin was 28.2%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $181.3 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $728.9 million. The average EPS estimate is $0.61.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 356 members out of 379 rating the stock outperform, and 23 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Gran Tierra Energy a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gran Tierra Energy is outperform, with an average price target of $8.06.
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