The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Rex Energy met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share dropped.
Margins increased across the board.
Rex Energy reported revenue of $38.9 million. The eight analysts polled by S&P Capital IQ anticipated revenue of $38.8 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $30.8 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 $0.08. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.06 per share. GAAP EPS were -$0.04 for Q3 versus -$0.18 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 71.1%, 60 basis points better than the prior-year quarter. Operating margin was 9.9%, 4,940 basis points better than the prior-year quarter. Net margin was -5.6%, 2,100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $43.8 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $151.2 million. The average EPS estimate is $0.23.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 344 members out of 365 rating the stock outperform, and 21 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Rex Energy 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 Rex Energy is buy, with an average price target of $16.00.
Is Rex Energy 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 Rex Energy to My Watchlist.