The 10-second takeaway
For the quarter ended June 30 (Q2), Crimson Exploration missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share expanded.
Margins expanded across the board.
Crimson Exploration reported revenue of $30.5 million. The three analysts polled by S&P Capital IQ expected a top line of $31.1 million on the same basis. GAAP reported sales were 2.9% higher than the prior-year quarter's $29.7 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 five earnings estimates compiled by S&P Capital IQ predicted -$0.04 per share. GAAP EPS were $0.09 for Q2 against -$0.06 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 96.4%, 1,870 basis points better than the prior-year quarter. Operating margin was 40.6%, 3,390 basis points better than the prior-year quarter. Net margin was 12.8%, 2,230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $34.3 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $130.5 million. The average EPS estimate is -$0.15.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 105 members out of 109 rating the stock outperform, and four members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Crimson Exploration a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crimson Exploration is outperform, with an average price target of $5.70.
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