The 10-second takeaway
For the quarter ended March 31 (Q1), Bill Barrett missed estimates on revenues and earnings per share.
Compared with the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins dropped, net margins improved.
Bill Barrett recorded revenue of $179.2 million. The nine analysts polled by S&P Capital IQ expected a top line of $188.0 million on the same basis. GAAP reported sales were 5.1% higher than the prior-year quarter's $170.4 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 $0.20. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.23 per share. GAAP EPS of $0.76 for Q1 were 130% higher than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 70.9%, 490 basis points worse than the prior-year quarter. Operating margin was 18.7%, 110 basis points worse than the prior-year quarter. Net margin was 20.0%, 1,110 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $194.6 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $794.2 million. The average EPS estimate is $0.86.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 188 members out of 205 rating the stock outperform, and 17 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Bill Barrett 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 Bill Barrett is outperform, with an average price target of $41.08.
Is Bill Barrett the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Get instant access to this free report.
- Add Bill Barrett to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the 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 don't 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.