Crosstex Energy (Nasdaq: XTEX ) is expected to report Q4 earnings on March 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Crosstex Energy's revenues will shrink -7.4% and EPS will remain in the red.
The average estimate for revenue is $445.1 million. On the bottom line, the average EPS estimate is -$0.30.
Last quarter, Crosstex Energy recorded revenue of $407.0 million. GAAP reported sales were 21% lower than the prior-year quarter's $517.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.34. GAAP EPS were -$0.34 for Q3 compared to -$0.14 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 preceding quarter, gross margin was 15.8%, 370 basis points better than the prior-year quarter. Operating margin was 0.5%, 270 basis points worse than the prior-year quarter. Net margin was -4.0%, 350 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.60 billion. The average EPS estimate is -$0.83.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 209 members out of 257 rating the stock outperform, and 48 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Crosstex Energy a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crosstex Energy is outperform, with an average price target of $17.43.
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