Energy XXI
The 10-second takeaway
For the quarter ended June 30 (Q4), Energy XXI met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share improved significantly.
Margins grew across the board.
Revenue details
Energy XXI reported revenue of $341.9 million. The six analysts polled by S&P Capital IQ expected revenue of $340.0 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $282.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.93. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.90 per share. GAAP EPS of $0.93 for Q4 were 158% higher than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 72.5%, 560 basis points better than the prior-year quarter. Operating margin was 34.0%, 620 basis points better than the prior-year quarter. Net margin was 23.7%, 1,120 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $349.2 million. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $1.52 billion. The average EPS estimate is $3.87.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 196 members out of 208 rating the stock outperform, and 12 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Energy XXI a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy XXI is outperform, with an average price target of $42.36.
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