The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FX Energy beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share grew.
Margins dropped across the board.
FX Energy recorded revenue of $9.0 million. The four analysts polled by S&P Capital IQ foresaw net sales of $7.6 million on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $6.1 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 -$0.05. The six earnings estimates compiled by S&P Capital IQ predicted -$0.03 per share on the same basis. GAAP EPS were -$0.20 for Q4 against -$0.04 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 72.8%, 840 basis points worse than the prior-year quarter. Operating margin was -21.8%, 2,520 basis points worse than the prior-year quarter. Net margin was -112.1%, 8,330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $9.3 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $43.6 million. The average EPS estimate is $0.06.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 127 members out of 144 rating the stock outperform, and 17 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give FX Energy 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 FX Energy is outperform, with an average price target of $9.46.
How did FX Energy treat you during the oil spike in 2008 and the subsequent bust? More importantly, what are you doing to prepare for the next spike that some experts believe another spike may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.
- Add FX Energy to My Watchlist.
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.