C&J Energy Services
The 10-second takeaway
For the quarter ended March 31 (Q1), C&J Energy Services missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share contracted significantly.
Margins contracted across the board.
C&J Energy Services logged revenue of $276.1 million. The six analysts polled by S&P Capital IQ expected revenue of $287.8 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $239.1 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 $0.46. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.55 per share. GAAP EPS of $0.46 for Q1 were 50% lower than the prior-year quarter's $0.92 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.1%, 550 basis points worse than the prior-year quarter. Operating margin was 14.7%, much worse than the prior-year quarter. Net margin was 9.1%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $309.0 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $1.22 billion. The average EPS estimate is $2.34.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 218 members out of 222 rating the stock outperform, and four members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give C&J Energy Services a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on C&J Energy Services is outperform, with an average price target of $27.50.
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