Bonanza Creek Energy
The 10-second takeaway
For the quarter ended March 31 (Q1), Bonanza Creek Energy missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew significantly.
Gross margins expanded, operating margins expanded, net margins dropped.
Bonanza Creek Energy logged revenue of $78.3 million. The 11 analysts polled by S&P Capital IQ predicted revenue of $79.7 million on the same basis. GAAP reported sales were 64% higher than the prior-year quarter's $47.8 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 $0.40. The 16 earnings estimates compiled by S&P Capital IQ forecast $0.42 per share. Non-GAAP EPS of $0.40 for Q1 were 43% higher than the prior-year quarter's $0.28 per share. GAAP EPS of $0.28 for Q1 were 27% higher than the prior-year quarter's $0.22 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 85.8%, 70 basis points better than the prior-year quarter. Operating margin was 38.4%, 830 basis points better than the prior-year quarter. Net margin was 14.4%, 350 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $90.2 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $392.8 million. The average EPS estimate is $2.08.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 23 members out of 25 rating the stock outperform, and two members rating it underperform. Among five CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give Bonanza Creek Energy 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 Bonanza Creek Energy is outperform, with an average price target of $42.56.
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