Kodiak Oil & Gas Misses on Both Revenue and Earnings

Kodiak Oil & Gas (NYS: KOG) reported earnings on Feb. 28. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kodiak Oil & Gas missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased. GAAP earnings per share grew.


Margins increased across the board.

Revenue details
Kodiak Oil & Gas tallied revenue of $130.8 million. The 17 analysts polled by S&P Capital IQ foresaw net sales of $139.5 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $55.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.11. The 20 earnings estimates compiled by S&P Capital IQ averaged $0.12 per share. Non-GAAP EPS were $0.11 for Q4 against -$0.01 per share for the prior-year quarter. GAAP EPS were $0.12 for Q4 against -$0.15 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 78.6%, 290 basis points better than the prior-year quarter. Operating margin was 32.1%, much better than the prior-year quarter. Net margin was 25.4%, much better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $175.1 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $839.2 million. The average EPS estimate is $0.68.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 801 members out of 837 rating the stock outperform, and 36 members rating it underperform. Among 126 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give Kodiak Oil & Gas 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 Kodiak Oil & Gas is outperform, with an average price target of $11.41.

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The article Kodiak Oil & Gas Misses on Both Revenue and Earnings originally appeared on Fool.com.

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.

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