Advantage Oil & Gas
The 10-second takeaway
For the quarter ended March 31 (Q1), Advantage Oil & Gas beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share expanded. GAAP loss per share dropped.
Margins grew across the board.
Advantage Oil & Gas chalked up revenue of $40.9 million. The two analysts polled by S&P Capital IQ expected to see sales of $37.7 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 $0.04. The two earnings estimates compiled by S&P Capital IQ averaged $0.02 per share. Non-GAAP EPS were $0.04 for Q1 compared to -$0.06 per share for the prior-year quarter. GAAP EPS were -$0.03 for Q1 compared to -$0.06 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 68.4%, 430 basis points better than the prior-year quarter. Operating margin was 0.8%, 890 basis points better than the prior-year quarter. Net margin was -7.4%, 910 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $29.5 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $137.8 million. The average EPS estimate is $0.17.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 569 members out of 597 rating the stock outperform, and 28 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give Advantage Oil & Gas a green thumbs-up, and three give it a red thumbs-down.
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