The 10-second takeaway
For the quarter ended March 31 (Q1), TransGlobe Energy beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins dropped, net margins increased.
TransGlobe Energy logged revenue of $79.4 million. The two analysts polled by S&P Capital IQ expected a top line of $69.0 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 came in at $0.24. The three earnings estimates compiled by S&P Capital IQ averaged $0.27 per share. Non-GAAP EPS of $0.24 for Q1 were 60% higher than the prior-year quarter's $0.15 per share. GAAP EPS of $0.26 for Q1 were 73% higher than the prior-year quarter's $0.15 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 81.7%, 280 basis points worse than the prior-year quarter. Operating margin was 58.5%, 120 basis points worse than the prior-year quarter. Net margin was 31.3%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $75.4 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $338.6 million. The average EPS estimate is $1.39.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 513 members out of 536 rating the stock outperform, and 23 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give TransGlobe Energy a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TransGlobe Energy is outperform, with an average price target of $15.90.
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