Pioneer Natural Resources
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pioneer Natural Resources met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly, and GAAP earnings per share contracted to a loss.
Gross margins grew, operating margins improved, net margins dropped.
Pioneer Natural Resources tallied revenue of $629.1 million. The 11 analysts polled by S&P Capital IQ expected sales of $632.3 million. Sales were 96% higher than the prior-year quarter's $485.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $1.35. The 24 earnings estimates compiled by S&P Capital IQ averaged $0.86 per share on the same basis. GAAP EPS were -$0.93 for Q3 compared to $0.67 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 75.4%, 460 basis points better than the prior-year quarter. Operating margin was -20.2%, 1,710 basis points better than the prior-year quarter. Net margin was -15.8%, 3,810 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $699.6 million. On the bottom line, the average EPS estimate is $1.02.
Next year's average estimate for revenue is $2.56 billion. The average EPS estimate is $3.76.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 279 members rating the stock outperform, and 28 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Pioneer Natural Resources 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 Pioneer Natural Resources is outperform, with an average price target of $114.42.
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