The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Halcón Resources beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share dropped significantly. GAAP loss per share dropped.
Margins grew across the board.
Halcón Resources booked revenue of $124.7 million. The 12 analysts polled by S&P Capital IQ expected a top line of $114.1 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $25.6 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 $0.02. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.02 per share. Non-GAAP EPS of $0.02 for Q4 were 75% lower than the prior-year quarter's $0.08 per share. GAAP EPS were -$0.04 for Q4 versus -$0.47 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 82.5%, much better than the prior-year quarter. Operating margin was -6.0%, much better than the prior-year quarter. Net margin was -6.5%, much better than the prior-year quarter.
Next quarter's average estimate for revenue is $191.6 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $1.10 billion. The average EPS estimate is $0.52.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 285 members out of 298 rating the stock outperform, and 13 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Halcón Resources 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 Halcón Resources is outperform, with an average price target of $10.60.
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