GasLog Increases Sales but Misses Revenue Estimate

GasLog (NYSE: GLOG  ) reported earnings on May 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), GasLog missed estimates on revenues and met expectations on earnings per share.

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

Gross margins dropped, operating margins shrank, net margins grew.

Revenue details
GasLog logged revenue of $21.8 million. The seven analysts polled by S&P Capital IQ hoped for a top line of $22.3 million on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $16.6 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 $0.05. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.05 per share. Non-GAAP EPS of $0.05 for Q1 were 17% lower than the prior-year quarter's $0.06 per share. GAAP EPS of $0.09 for Q1 were 80% higher than the prior-year quarter's $0.05 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 77.6%, 140 basis points worse than the prior-year quarter. Operating margin was 27.8%, 50 basis points worse than the prior-year quarter. Net margin was 27.1%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $33.8 million. On the bottom line, the average EPS estimate is $0.11.

Next year's average estimate for revenue is $145.2 million. The average EPS estimate is $0.58.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 23 members out of 27 rating the stock outperform, and four members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give GasLog a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on GasLog is buy, with an average price target of $16.38.

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