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

Gulfport Energy Corp. (NASDAQ:GPOR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.88%.

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Gulfport Energy Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 79.17% to $0.1 in the quarter versus EPS of $0.48 in the year-earlier quarter.

Revenue: Decreased 15.98% to $55 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gulfport Energy Corp. reported adjusted EPS income of $0.1 per share. By that measure, the company missed the mean analyst estimate of $0.15. It missed the average revenue estimate of $57.99 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 2.83% from $56.6 million in the previous quarter. EPS decreased 61.54% from $0.26 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 $0.28 to a profit $0.19. For the current year, the average estimate has moved down from a profit of $1.32 to a profit of $0.92 over the last ninety days.

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

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