The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Range Resources crushed expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share dropped.
Gross margin dropped, operating margin dropped, and net margin grew.
Range Resources tallied revenue of $338.2 million. The 25 analysts polled by S&P Capital IQ predicted a top line of $279.5 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $401.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.28. The 35 earnings estimates compiled by S&P Capital IQ averaged $0.25 per share on the same basis. GAAP EPS were -$0.02 for Q3 compared to -$2.02 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 67.1%, 860 basis points worse than the prior-year quarter. Operating margin was 6.7%, 1,760 basis points worse than the prior-year quarter. Net margin was -0.6%, 7,840 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $317.9 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $1.02.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 565 members out of 603 rating the stock outperform, and 38 members rating it underperform. Among 188 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 175 give Range Resources a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Range Resources is outperform, with an average price target of $77.02.
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