The 10-second takeaway
For the quarter ended March 31 (Q1), Quicksilver Resources beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP loss per share dropped. GAAP loss per share was unchanged.
Gross margins shrank, operating margins expanded, net margins dropped.
Quicksilver Resources notched revenue of $149.2 million. The eight analysts polled by S&P Capital IQ hoped for revenue of $144.1 million on the same basis. GAAP reported sales were 36% lower than the prior-year quarter's $184.9 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 -$0.04. The 17 earnings estimates compiled by S&P Capital IQ forecast -$0.01 per share. Non-GAAP EPS were -$0.04 for Q1 against -$0.09 per share for the prior-year quarter. GAAP EPS of -$0.35 were the same as 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 26.9%, much worse than the prior-year quarter. Operating margin was -3.3%, 670 basis points better than the prior-year quarter. Net margin was -50.3%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $137.6 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $550.4 million. The average EPS estimate is -$0.12.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 814 members out of 846 rating the stock outperform, and 32 members rating it underperform. Among 169 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 159 give Quicksilver Resources a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quicksilver Resources is hold, with an average price target of $3.67.
Is Quicksilver Resources the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Quicksilver Resources to My Watchlist.