Basic Energy Services
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Basic Energy Services beat slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share contracted to a loss. GAAP earnings per share shrank to a loss.
Margins shrank across the board.
Basic Energy Services booked revenue of $302.1 million. The 10 analysts polled by S&P Capital IQ foresaw revenue of $296.5 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $354.4 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 -$0.27. The 18 earnings estimates compiled by S&P Capital IQ anticipated -$0.19 per share. Non-GAAP EPS were -$0.27 for Q4 against $0.58 per share for the prior-year quarter. GAAP EPS were -$0.49 for Q4 against $0.55 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 30.5%, 870 basis points worse than the prior-year quarter. Operating margin was -2.5%, 1,800 basis points worse than the prior-year quarter. Net margin was -6.6%, 1,300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $306.7 million. On the bottom line, the average EPS estimate is -$0.17.
Next year's average estimate for revenue is $1.29 billion. The average EPS estimate is -$0.13.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 318 members out of 338 rating the stock outperform, and 20 members rating it underperform. Among 83 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 give Basic Energy Services a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Basic Energy Services is outperform, with an average price target of $13.53.
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