Beats and misses are determined by the total revenues and the per share profit based on the daily average number of non diluted outstanding shares as against the average estimates by the analysts covering the company. The reported revenue is $88.56M versus analysts estimates of $75M. That isn't just a beat. That is a flogging. So how can it me that a company has such a huge beat on revenue and misses on profits per share. Easy. The quarter began with 54K outstanding shares and an estimate of .24 per share profit. But the company issued 29K new shares in August. What did the analysts do? Instead of adjusting their projections downward, to take into consideration the additional shares, they actually adjusted upward to .26. A bottom line beat was doomed from the start. Even with revenue higher than the highest estimate the company could not get to .24 or .26. But they still got to .22 based on the average daily number of shares for the quarter, which is 79,059K shares. That is pretty incredible to go from .19 per share profit on 54K shares in quarter 2 to .22 per share profit on 79K shares one quarter later. I own 15K shares with an average entry of 6.87 per share and purchased 1k on a dip to 9.18 and another 1K on a dip to 9.72. If TPLM trades below yesterday's close, I'm buying more. Maybe buy more at any number under $11. Okay....I am just an amateur trader/investor. Tell me where I got this wrong.
All that matters is they have a run rate of $160MM of EBITDA or $1.66/shr on 96MM shares. Rockpile is doing much better than expected and could be spun off. The BS is rock solid and they have a great acreage position. Could be a big company.