The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Goodrich Petroleum's revenues will compress -8.5% and EPS will remain in the red.
The average estimate for revenue is $57.3 million. On the bottom line, the average EPS estimate is -$0.64.
Last quarter, Goodrich Petroleum logged revenue of $47.1 million. GAAP reported sales were 3.9% higher than the prior-year quarter's $45.3 million.
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.
Last quarter, non-GAAP EPS came in at -$0.76. GAAP EPS were -$0.82 for Q1 compared to -$0.53 per share for the prior-year quarter.
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 preceding quarter, gross margin was 75.2%, 650 basis points better than the prior-year quarter. Operating margin was -32.1%, much worse than the prior-year quarter. Net margin was -60.5%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $237.8 million. The average EPS estimate is -$2.53.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 199 members out of 224 rating the stock outperform, and 25 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Goodrich Petroleum a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Goodrich Petroleum is outperform, with an average price target of $16.96.
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