The 10-second takeaway
For the quarter ended Sep. 30 (Q3), EXCO Resources whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
EXCO Resources tallied revenue of $141.6 million. The five analysts polled by S&P Capital IQ expected to see revenue of $185.0 million on the same basis. GAAP reported sales were 32% lower than the prior-year quarter's $207.3 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 $0.13. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.14 per share. GAAP EPS were -$1.62 for Q3 against $0.39 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 64.7%, 1,120 basis points worse than the prior-year quarter. Operating margin was -226.7%, 27,990 basis points worse than the prior-year quarter. Net margin was -244.4%, 28,540 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $178.9 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $717.1 million. The average EPS estimate is $0.38.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 485 members out of 511 rating the stock outperform, and 26 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give EXCO Resources a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EXCO Resources is hold, with an average price target of $6.91.
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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. The Motley Fool has no positions in the stocks mentioned above. 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.