Talisman Energy (TSX: TLM) reported earnings on July 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Talisman Energy whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share dropped to a loss. GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins contracted, net margins contracted.
Talisman Energy booked revenue of $1.16 billion. The six analysts polled by S&P Capital IQ anticipated a top line of $1.36 billion on the same basis. GAAP reported sales were 37% lower than the prior-year quarter's $1.87 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at -$0.03. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. Non-GAAP EPS were -$0.03 for Q2 compared to $0.07 per share for the prior-year quarter. GAAP EPS of $0.09 for Q2 were 53% lower than the prior-year quarter's $0.19 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 63.5%, 100 basis points better than the prior-year quarter. Operating margin was 2.3%, much worse than the prior-year quarter. Net margin was 8.2%, 230 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.48 billion. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $5.85 billion. The average EPS estimate is $0.14.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 547 members out of 573 rating the stock outperform, and 26 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Talisman Energy a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Talisman Energy is hold, with an average price target of $13.01.
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