Halcon Resources (NYSE: HK ) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Halcon Resources missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share grew.
Margins dropped across the board.
Halcon Resources reported revenue of $26.8 million. The three analysts polled by S&P Capital IQ predicted net sales of $27.9 million on the same basis. GAAP reported sales were 4.3% higher than the prior-year quarter's $25.8 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 -$0.04. The three earnings estimates compiled by S&P Capital IQ forecast $0.03 per share. GAAP EPS were -$0.50 for Q1 compared to -$0.38 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 61.9%, 10 basis points worse than the prior-year quarter. Operating margin was -54.4%, 2,150 basis points worse than the prior-year quarter. Net margin was -124.0%, 8,550 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $29.9 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $178.1 million. The average EPS estimate is $0.09.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 267 members out of 287 rating the stock outperform, and 20 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Halcon Resources a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Halcon Resources is buy, with an average price target of $13.75.
How did Halcon Resources treat you during the oil spike in 2008 and the subsequent bust? More important, what are you doing to prepare for the next spike that some experts believe may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.