PetroQuest Energy Beats Analyst Estimates on EPS

Just the facts, Fool.

Seth Jayson
Seth Jayson
May 7, 2013 at 12:00AM
Other

PetroQuest Energy (NYSE: PQ) reported earnings on May 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), PetroQuest Energy met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue was unchanged. GAAP earnings per share expanded.

Margins grew across the board.

Revenue details
PetroQuest Energy booked revenue of $36.0 million. The four analysts polled by S&P Capital IQ predicted net sales of $35.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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

EPS details
EPS came in at $0.04. The eight earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS were $0.04 for Q1 against -$0.30 per share for the prior-year quarter.

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

Margin details
For the quarter, gross margin was 70.2%, 20 basis points better than the prior-year quarter. Operating margin was 20.4%, 950 basis points better than the prior-year quarter. Net margin was 10.8%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $36.5 million. On the bottom line, the average EPS estimate is $0.03.

Next year's average estimate for revenue is $150.8 million. The average EPS estimate is $0.16.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 428 members out of 455 rating the stock outperform, and 27 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give PetroQuest Energy a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PetroQuest Energy is outperform, with an average price target of $6.97.

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