Abraxas Petroleum's Upcoming Earnings: What You Need To Know

Abraxas Petroleum (Nasdaq: AXAS  ) is expected to report Q3 earnings around Nov. 9. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Abraxas Petroleum's revenues will shrink -5.0% and EPS will shrink to a loss.

The average estimate for revenue is $17.1 million. On the bottom line, the average EPS estimate is -$0.01.

Revenue details
Last quarter, Abraxas Petroleum reported revenue of $15.9 million. GAAP reported sales were 4.3% lower than the prior-year quarter's $16.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.02. GAAP EPS of $0.12 for Q2 were 20% higher than the prior-year quarter's $0.10 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 56.9%, 110 basis points worse than the prior-year quarter. Operating margin was 78.9%, 1,540 basis points better than the prior-year quarter. Net margin was 68.4%, 1,470 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $70.5 million. The average EPS estimate is $0.03.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 740 members out of 772 rating the stock outperform, and 32 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Abraxas Petroleum a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Abraxas Petroleum is outperform, with an average price target of $5.36.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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  • Report this Comment On November 08, 2012, at 9:45 AM, Jayce1Roberts wrote:

    Seth, your numbers are wrong. AXAS production is to increase in the 3rdQ. Additionally commodity prices were higher.

    Look for a EPS of .02 cents to .04 cents.

    You need to work on your math my friend and actually listen to the conference calls.

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