Laredo Petroleum Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), Laredo Petroleum Holdings missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share dropped significantly. GAAP earnings per share contracted significantly.
Margins dropped across the board.
Laredo Petroleum Holdings reported revenue of $163.7 million. The nine analysts polled by S&P Capital IQ expected a top line of $170.0 million on the same basis. GAAP reported sales were 8.9% higher than the prior-year quarter's $150.3 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 $0.11. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.12 per share. Non-GAAP EPS of $0.11 for Q1 were 52% lower than the prior-year quarter's $0.23 per share. GAAP EPS of $0.01 for Q1 were 95% lower than the prior-year quarter's $0.20 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 79.2%, 470 basis points worse than the prior-year quarter. Operating margin was 27.2%, 1,000 basis points worse than the prior-year quarter. Net margin was 0.9%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $182.9 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $751.6 million. The average EPS estimate is $0.61.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 15 members out of 15 rating the stock outperform, and members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Laredo Petroleum Holdings a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Laredo Petroleum Holdings is outperform, with an average price target of $24.14.
Is Laredo Petroleum Holdings 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 Laredo Petroleum Holdings to My Watchlist.
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.