Kodiak Oil Earnings: Here’s Why Investors are Selling Shares Now

Kodiak Oil (AMEX:KOG) 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 1.98%.

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Kodiak Oil Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 12.5% to $0.07 in the quarter versus EPS of $0.08 in the year-earlier quarter.

Revenue: Rose 106.53% to $165.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kodiak Oil reported adjusted EPS income of $0.07 per share. By that measure, the company missed the mean analyst estimate of $0.14. It missed the average revenue estimate of $174.53 million.

Quoting Management: There was no comment from management.

Key Stats (on next page)…

Revenue increased 26.18% from $130.85 million in the previous quarter. EPS decreased 56.25% from $0.16 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.16 and has not changed. For the current year, the average estimate has moved up from a profit of $0.71 to a profit of $0.72 over the last ninety days.

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