Abraxas Petroleum Earnings Up Next

Abraxas Petroleum (Nasdaq: AXAS  ) is expected to report Q4 earnings on March 15. 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 Abraxas Petroleum's revenues will increase 10.4% and EPS will come to zero.

The average estimate for revenue is $18.2 million. On the bottom line, the average EPS estimate is $0.00.

Revenue details
Last quarter, Abraxas Petroleum recorded revenue of $17.2 million. GAAP reported sales were 2.8% lower than the prior-year quarter's $17.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at -$0.01. GAAP EPS were -$0.20 for Q3 against $0.21 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 50.3%, 880 basis points worse than the prior-year quarter. Operating margin was -28.8%, much worse than the prior-year quarter. Net margin was -108.6%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $69.4 million. The average EPS estimate is $0.03.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 725 members out of 758 rating the stock outperform, and 33 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Abraxas Petroleum 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 Abraxas Petroleum is outperform, with an average price target of $4.08.

Looking for an alternative to Abraxas Petroleum? By investing in this multibillion-dollar energy company, you can get in before its stock rebounds, when natural gas prices eventually do turn upward. And until natural gas prices do rebound (which a top Motley Fool analyst expects will happen by 2014), you can cash in on its stable 5.7% dividend. Click here for instant access to this free report.

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.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2306380, ~/Articles/ArticleHandler.aspx, 3/31/2015 2:17:58 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 17,882.03 -94.28 -0.52%
S&P 500 2,078.42 -7.82 -0.37%
NASD 4,924.84 -22.60 -0.46%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

3/31/2015 2:00 PM
AXAS $3.26 Up +0.07 +2.19%
Abraxas Petroleum… CAPS Rating: ***