C&J Energy Services
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), C&J Energy Services met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew slightly.
Margins shrank across the board.
C&J Energy Services tallied revenue of $307.8 million. The six analysts polled by S&P Capital IQ predicted revenue of $307.3 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $229.0 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 $0.91. The eight earnings estimates compiled by S&P Capital IQ predicted $0.88 per share. GAAP EPS of $0.91 for Q3 were 2.2% higher than the prior-year quarter's $0.89 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 38.7%, 70 basis points worse than the prior-year quarter. Operating margin was 24.3%, 910 basis points worse than the prior-year quarter. Net margin was 16.0%, 420 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $312.6 million. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $3.61.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 210 members out of 217 rating the stock outperform, and seven members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give C&J Energy Services a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on C&J Energy Services is outperform, with an average price target of $24.67.
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