The 10-second takeaway
For the quarter ended March 31 (Q1), FX Energy missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins grew, and net margins expanded.
FX Energy booked revenue of $8.6 million. The five analysts polled by S&P Capital IQ predicted revenue of $9.2 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $7.1 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 $0.00. The six earnings estimates compiled by S&P Capital IQ averaged -$0.01 per share. GAAP EPS of $0.28 for Q1 were 100% higher than the prior-year quarter's $0.14 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 82.4%, 490 basis points worse than the prior-year quarter. Operating margin was 8.4%, 440 basis points better than the prior-year quarter. Net margin was 171.1%, 7,970 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $11.1 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $45.8 million. The average EPS estimate is -$0.01.
The stock has a four-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 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 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 buy, with an average price target of $9.71.
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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.