Gulfport Energy Earnings: Here’s Why Shares are Down Now

Gulfport Energy Corp. (NASDAQ:GPOR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.8%.

Gulfport Energy Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 24.44% to $0.56 in the quarter versus EPS of $0.45 in the year-earlier quarter.

Revenue: Rose 6.18% to $70.43 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gulfport Energy Corp. reported adjusted EPS income of $0.56 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $66.8 million.

Key Stats (on next page)…

Revenue increased 28.05% from $55 million in the previous quarter. EPS increased 460% from $0.10 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.23 to a profit $0.19. For the current year, the average estimate has moved down from a profit of $0.91 to a profit of $0.81 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)