The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Bill Barrett missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted to a loss.
Margins contracted across the board.
Bill Barrett recorded revenue of $180.9 million. The 12 analysts polled by S&P Capital IQ expected net sales of $189.1 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $207.4 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 -$0.20. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS were -$1.11 for Q3 against $0.43 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 71.3%, 460 basis points worse than the prior-year quarter. Operating margin was -12.4%, 3,500 basis points worse than the prior-year quarter. Net margin was -29.1%, 3,910 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $203.2 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $769.6 million. The average EPS estimate is $0.08.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 190 members out of 208 rating the stock outperform, and 18 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Bill Barrett 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 Bill Barrett is outperform, with an average price target of $29.54.
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