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It's Showtime for Energy XXI (Bermuda)

Energy XXI (Bermuda) (Nasdaq: EXXI  ) is expected to report Q2 earnings on Jan. 31. 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 Energy XXI (Bermuda)'s revenues will grow 0.8% and EPS will contract -41.4%.

The average estimate for revenue is $343.3 million. On the bottom line, the average EPS estimate is $0.65.

Revenue details
Last quarter, Energy XXI (Bermuda) chalked up revenue of $270.2 million. GAAP reported sales were 5.1% lower than the prior-year quarter's $284.9 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, EPS came in at $0.19. GAAP EPS of $0.19 for Q1 were 75% lower than the prior-year quarter's $0.76 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 66.1%, 600 basis points worse than the prior-year quarter. Operating margin was 21.0%, 1,480 basis points worse than the prior-year quarter. Net margin was 6.8%, 1,650 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.48 billion. The average EPS estimate is $2.84.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 205 members out of 216 rating the stock outperform, and 11 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Energy XXI (Bermuda) a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy XXI (Bermuda) is outperform, with an average price target of $41.60.

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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. TMFDisclosureHere

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  • Report this Comment On January 28, 2013, at 1:34 PM, ghrcap wrote:

    While revenues and EPS are always important and create the headlines, it's the expanding cashflows and progress on the Pendragon well (joint venture with Exxon) that are the "clues to 2013" for me.

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