Clayton Williams Energy Meets on Revenues, Misses on EPS (CWEI)

Clayton Williams Energy Meets on Revenues, Misses on EPS

Clayton Williams Energy (Nasdaq: CWEI ) reported earnings on Feb. 21. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Clayton Williams Energy met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue contracted. GAAP earnings per share increased.

Gross margins contracted, operating margins grew, net margins expanded.

Revenue details
Clayton Williams Energy notched revenue of $101.6 million. The four analysts polled by S&P Capital IQ hoped for sales of $102.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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 $0.14. The five earnings estimates compiled by S&P Capital IQ anticipated $0.39 per share. GAAP EPS were $0.14 for Q4 compared to -$1.28 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 64.0%, much worse than the prior-year quarter. Operating margin was 10.6%, much better than the prior-year quarter. Net margin was 1.7%, much better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $102.3 million. On the bottom line, the average EPS estimate is $0.51.

Next year's average estimate for revenue is $410.0 million. The average EPS estimate is $2.25.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 206 members out of 225 rating the stock outperform, and 19 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Clayton Williams Energy 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 Clayton Williams Energy is outperform, with an average price target of $65.25.

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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. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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