Resolute Energy Beats on the Top Line
Mar 8th 2013 10:40AM
Updated Mar 8th 2013 10:46AM
Resolute Energy (NYS: REN) reported earnings on March 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Resolute Energy beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP loss per share dropped.
Gross margins dropped, operating margins grew, net margins increased.
Resolute Energy logged revenue of $66.9 million. The five analysts polled by S&P Capital IQ hoped for revenue of $62.3 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $58.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.03. The six earnings estimates compiled by S&P Capital IQ averaged $0.00 per share. GAAP EPS were -$0.03 for Q4 compared to -$0.28 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 56.2%, 200 basis points worse than the prior-year quarter. Operating margin was -0.9%, much better than the prior-year quarter. Net margin was -2.4%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $73.3 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $298.3 million. The average EPS estimate is $0.05.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 32 members out of 41 rating the stock outperform, and nine members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Resolute Energy a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Resolute Energy is outperform, with an average price target of $11.63.
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The article Resolute Energy Beats on the Top Line originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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