The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Endeavour International missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share dropped.
Gross margins expanded, operating margins dropped, net margins grew.
Endeavour International booked revenue of $83.3 million. The six analysts polled by S&P Capital IQ expected revenue of $87.1 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $10.3 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 -$0.09. The nine earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. GAAP EPS were -$0.73 for Q3 compared to -$1.63 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 71.2%, 510 basis points better than the prior-year quarter. Operating margin was 22.9%, 7,080 basis points worse than the prior-year quarter. Net margin was -40.5%, 57,380 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $119.3 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $239.6 million. The average EPS estimate is -$0.91.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 171 members out of 183 rating the stock outperform, and 12 members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Endeavour International a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Endeavour International is outperform, with an average price target of $14.83.
Is Endeavour International the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Endeavour International to My Watchlist.