Crosstex Energy (Nasdaq: XTEX ) is expected to report Q3 earnings on 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 Crosstex Energy's revenues will drop -5.8% and EPS will remain in the red.
The average estimate for revenue is $487.5 million. On the bottom line, the average EPS estimate is -$0.14.
Last quarter, Crosstex Energy reported revenue of $351.2 million. GAAP reported sales were 33% lower than the prior-year quarter's $525.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.13. GAAP EPS were -$0.13 for Q2 versus -$0.05 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 preceding quarter, gross margin was 17.0%, 390 basis points better than the prior-year quarter. Operating margin was 5.4%, 110 basis points better than the prior-year quarter. Net margin was -0.7%, 100 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.63 billion. The average EPS estimate is -$0.35.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 209 members out of 256 rating the stock outperform, and 47 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 give Crosstex Energy a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crosstex Energy is hold, with an average price target of $19.67.
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