The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Halcon Resources whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP loss per share grew.
Margins dropped across the board.
Halcon Resources chalked up revenue of $12.4 million. The five analysts polled by S&P Capital IQ hoped for a top line of $26.6 million on the same basis. GAAP reported sales were 55% lower than the prior-year quarter's $27.5 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. The five earnings estimates compiled by S&P Capital IQ predicted $0.03 per share on the same basis. GAAP EPS were -$0.46 for Q4 against -$0.18 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 13.6%, 5,030 basis points worse than the prior-year quarter. Operating margin was -96.8%, 10,920 basis points worse than the prior-year quarter. Net margin was -98.1%, 8,250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $29.1 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $115.9 million. The average EPS estimate is $0.05.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 274 members out of 293 rating the stock outperform, and 19 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Halcon 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 Halcon Resources is outperform, with an average price target of $6.20.
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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. 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.