The 10-second takeaway
For the quarter ended Sep. 30 (Q3), EXCO Resources whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
EXCO Resources tallied revenue of $141.6 million. The five analysts polled by S&P Capital IQ expected to see revenue of $185.0 million on the same basis. GAAP reported sales were 32% lower than the prior-year quarter's $207.3 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 $0.13. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.14 per share. GAAP EPS were -$1.62 for Q3 against $0.39 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 64.7%, 1,120 basis points worse than the prior-year quarter. Operating margin was -226.7%, 27,990 basis points worse than the prior-year quarter. Net margin was -244.4%, 28,540 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $178.9 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $717.1 million. The average EPS estimate is $0.38.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 485 members out of 511 rating the stock outperform, and 26 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give EXCO Resources a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EXCO Resources is hold, with an average price target of $6.91.
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