The 10-second takeaway
For the quarter ended Sep. 30 (Q3), QR Energy whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted to a loss.
Gross margins grew, operating margins contracted, net margins contracted.
QR Energy notched revenue of $65.0 million. The 11 analysts polled by S&P Capital IQ foresaw a top line of $75.9 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $28.7 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 $0.32. The nine earnings estimates compiled by S&P Capital IQ forecast $0.28 per share. GAAP EPS were -$1.24 for Q3 versus $1.45 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 62.0%, 10 basis points better than the prior-year quarter. Operating margin was 13.6%, 20,340 basis points worse than the prior-year quarter. Net margin was -69.3%, 25,020 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $79.8 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $287.6 million. The average EPS estimate is $0.92.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 84 members out of 88 rating the stock outperform, and four members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give QR Energy a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QR Energy is outperform, with an average price target of $21.44.
Can your portfolio provide you with enough income to last through retirement? You'll need more than QR Energy. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add QR Energy to My Watchlist.