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SilverBow Resources GAAP EPS of $7.12 beats by $4.19, revenue of $151.35M beats by $43.35M

Mar. 02, 2022 4:19 PM ETSilverBow Resources, Inc. (SBOW) StockBy: Urvi Shah, SA News Editor17 Comments
  • SilverBow Resources press release (NYSE:SBOW): Q4 GAAP EPS of $7.12 beats by $4.19.
  • Revenue of $151.35M (+183.2% Y/Y) beats by $43.35M.

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Comments (17)

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Good result. I want to look at the slides and figure out how the results happened. Wasn't the company 65% hedged for 2021? I wonder if they sold into the $5 rally, and bought them back in the 3s?
@Simon Chatham That's gotta be what it was. When I first heard of a derivatives gain, I thought they were Masters of the Universe and were long Oil futures. I'm given to flights of fancy.
Zachs is reporting their earnings at 3 something. Could be another SA bogus headline. They did the same thing with LPI's revenue beat last week.
@reron The $7.12/share EPS includes a derivative gain, so some people are trying to factor out the derivative part. Zachs reported $3.63/share, though I have no idea how they calculated that. Zachs certainly could have made a mistake in their haste to put out a news release.

I believe that if you back out the derivatives gain, you get EPS of about $5/share in after-tax operations for Q4. That would seem to coincide with the 40% beat on revenue, which is not difficult to figure out. So 40% beat on revenue and about a 50% beat on EPS seems right.
@Bergerac I want to get long. Do you like management?
@Bergerac I just now connected with that. They were long Oil derivatives? Are they Masters of the Universe? I think that's management I can get behind.
Long SBOW Great report
Beat earnings estimate by 4.19!! That's a 243% earnings beat, one of the biggest beats I've ever seen. The analysts were way off. They're going to have to boost their estimates way up for the next quarter. They also beat revenue estimates by 40%.

Following up on this comment. I think SA misrepresented the estimates. Estimates from other sites were higher. But nevertheless, it's still a pretty strong beat.
@idahoradm Huge beat, Huge. Gonna have to get long.
Earnings was actually $3.63, but it's still a very good beat. Earnings estimates are all going to have to be raised.

Even better, the stock is down today, so it's a great opportunity!
What am I missing here? Feels like this stock is extremely undervalued.
@OKTrader8 OK, are you long?
@reron I own it
@OKTrader8 Great quarter. I wanna get long. What do you think of management?

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