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.
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