Encana (NYSE: ECA ) reported earnings on Feb. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Encana beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP loss per share shrank.
Gross margins dropped, operating margins contracted, net margins grew.
Encana reported revenue of $1.61 billion. The six analysts polled by S&P Capital IQ expected to see a top line of $1.57 billion on the same basis. GAAP reported sales were 35% lower than the prior-year quarter's $2.46 billion.
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 $0.40. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.35 per share. GAAP EPS were -$0.11 for Q4 compared to -$0.34 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 61.3%, 1,050 basis points worse than the prior-year quarter. Operating margin was 27.0%, 400 basis points worse than the prior-year quarter. Net margin was -5.0%, 500 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.31 billion. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $5.87 billion. The average EPS estimate is $0.66.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,096 members out of 1,128 rating the stock outperform, and 32 members rating it underperform. Among 226 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 221 give Encana a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Encana is hold, with an average price target of $22.81.
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