The 10-second takeaway
For the quarter ended March 31 (Q1), SandRidge Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share contracted to zero. GAAP loss per share expanded.
Gross margins contracted, operating margins expanded, net margins dropped.
SandRidge Energy logged revenue of $511.7 million. The 16 analysts polled by S&P Capital IQ predicted sales of $477.1 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $381.6 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 $0.00. The 23 earnings estimates compiled by S&P Capital IQ predicted -$0.05 per share. Non-GAAP EPS dropped to zero from the prior-year quarter's $0.00. GAAP EPS were -$1.03 for Q1 compared to -$0.58 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 66.8%, 150 basis points worse than the prior-year quarter. Operating margin was 15.5%, much better than the prior-year quarter. Net margin was -93.7%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $447.7 million. On the bottom line, the average EPS estimate is -$0.04.
Next year's average estimate for revenue is $1.91 billion. The average EPS estimate is -$0.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,457 members out of 1,517 rating the stock outperform, and 60 members rating it underperform. Among 282 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 270 give SandRidge Energy a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SandRidge Energy is hold, with an average price target of $6.20.
Is SandRidge Energy the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add SandRidge Energy to My Watchlist.