Energy XXI (Bermuda)
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Energy XXI (Bermuda) missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Energy XXI (Bermuda) chalked up revenue of $320.5 million. The nine analysts polled by S&P Capital IQ wanted to see revenue of $341.0 million on the same basis. GAAP reported sales were 5.9% lower than the prior-year quarter's $340.6 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 $0.47. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.62 per share. GAAP EPS of $0.47 for Q2 were 58% lower than the prior-year quarter's $1.11 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 70.9%, 600 basis points worse than the prior-year quarter. Operating margin was 29.2%, 1,130 basis points worse than the prior-year quarter. Net margin was 12.9%, 1,560 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $387.4 million. On the bottom line, the average EPS estimate is $0.83.
Next year's average estimate for revenue is $1.47 billion. The average EPS estimate is $2.76.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 204 members out of 215 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 $41.43.
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