Carrizo Oil & Gas Beats Up on Analysts Yet Again

Carrizo Oil & Gas (Nasdaq: CRZO  ) reported earnings on Feb. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Carrizo Oil & Gas beat expectations on revenues and crushed expectations on earnings per share.

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

Margins grew across the board.

Revenue details
Carrizo Oil & Gas booked revenue of $116.7 million. The 10 analysts polled by S&P Capital IQ wanted to see sales of $105.7 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $55.8 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 $0.54. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.35 per share. Non-GAAP EPS of $0.54 for Q4 were 135% higher than the prior-year quarter's $0.23 per share. GAAP EPS of $0.46 for Q4 were 188% higher than the prior-year quarter's $0.16 per share.

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 89.1%, 500 basis points better than the prior-year quarter. Operating margin was 40.0%, much better than the prior-year quarter. Net margin was 15.8%, 410 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $106.9 million. On the bottom line, the average EPS estimate is $0.42.

Next year's average estimate for revenue is $481.0 million. The average EPS estimate is $1.86.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 261 members out of 291 rating the stock outperform, and 30 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Carrizo Oil & Gas a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carrizo Oil & Gas is outperform, with an average price target of $32.61.

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