Triangle Petroleum Earnings: What Investors Should Watch

Triangle Petroleum (AMEX:TPLM) will report earnings before markets open on Monday, June 10th. Triangle Petroleum Corp. is an oil and gas exploration company. The Company is focused on the acquisition and development of acreage in the Williston Basin in North Dakota and the development and exploitation of its existing asset base in the Maritimes Basin in Nova Scotia.

Here is your Cheat Sheet to Triangle Petroleum Earnings:

Earnings Expectations: Analysts expect earnings of $0.07 per share on revenues of $31.13 million.

Analyst Trends:

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 $0.12 to a profit $0.11. For the current year, the average estimate is a profit of $0.56, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Triangle Petroleum has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 0 0 1 8 61
Diluted EPS ($) -2.30 -0.31 -1.63 -0.78 -0.31

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 5.17 10.26 23.19 24.03
Diluted EPS ($) -0.07 -0.02 0.02 -0.20

Past Performance:
Triangle Petroleum has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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