Bill Barrett
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Bill Barrett missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share dropped significantly. GAAP earnings per share grew.
Gross margins dropped, operating margins increased, net margins grew.
Revenue details
Bill Barrett logged revenue of $179.8 million. The 13 analysts polled by S&P Capital IQ predicted sales of $189.2 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $208.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.20. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.10 per share. Non-GAAP EPS of $0.20 for Q4 were 55% lower than the prior-year quarter's $0.44 per share. GAAP EPS were $0.30 for Q4 versus -$0.81 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 72.8%, 270 basis points worse than the prior-year quarter. Operating margin was 20.8%, much better than the prior-year quarter. Net margin was 7.8%, much better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $151.2 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $635.7 million. The average EPS estimate is $0.49.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bill Barrett is outperform, with an average price target of $28.07.
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