ATPG Oil & Gas: Playing Hard Ball
ATPG reported their earnings earlier this week. What did they report? Seems like all good news on our end. Here are the important numbers brought to you by Seth Jayson.
ATP Oil & Gas notched revenue of $177.7 million. The four analysts polled by S&P Capital IQ hoped for a top line of $171.1 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter’s $141.7 million.
EPS came in at -$0.56. The three earnings estimates compiled by S&P Capital IQ forecast -$0.62 per share. GAAP EPS were -$0.56 for Q4 compared to -$4.06 per share for the prior-year quarter.
For the quarter, gross margin was 88.7%, 1,910 basis points better than the prior-year quarter. Operating margin was 9.9%, 6,100 basis points better than the prior-year quarter. Net margin was -12.5%, 13,130 basis points better than the prior-year quarter.
The stock is rating well online, and Seth Jayson seems to think it is a great sign. Keep researching this stock further and following closely.
Quotes taken from report by Seth Jayson, Read the entire article here.
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