The 10-second takeaway
For the quarter ended June 30 (Q2), Bill Barrett missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Bill Barrett tallied revenue of $160.4 million. The 11 analysts polled by S&P Capital IQ expected a top line of $172.7 million on the same basis. GAAP reported sales were 19% lower than the prior-year quarter's $197.3 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 -$0.05. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS of $0.07 for Q2 were 90% lower than the prior-year quarter's $0.69 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 67.7%, 940 basis points worse than the prior-year quarter. Operating margin was 18.4%, 1,380 basis points worse than the prior-year quarter. Net margin was 2.1%, 1,440 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $196.4 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $773.3 million. The average EPS estimate is $0.50.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 194 members out of 211 rating the stock outperform, and 17 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Bill Barrett 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 Bill Barrett is outperform, with an average price target of $31.86.
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