Crosstex Energy (Nasdaq: XTXI) is expected to report Q2 earnings on Aug. 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Crosstex Energy's revenues will expand 4.2% and EPS will remain in the red.
The average estimate for revenue is $516.9 million. On the bottom line, the average EPS estimate is -$0.01.
Revenue details
Last quarter, Crosstex Energy reported revenue of $371.7 million. GAAP reported sales were 24% lower than the prior-year quarter's $489.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at -$0.02. GAAP EPS were -$0.02 for Q1 against -$0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 19.4%, 620 basis points better than the prior-year quarter. Operating margin was 5.9%, 200 basis points better than the prior-year quarter. Net margin was -0.2%, 10 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $1.88 billion. The average EPS estimate is -$0.08.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 306 members out of 355 rating the stock outperform, and 49 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Crosstex Energy a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crosstex Energy is hold, with an average price target of $18.00.
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