The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Quicksilver Resources missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Quicksilver Resources reported revenue of $177.7 million. The 12 analysts polled by S&P Capital IQ wanted to see revenue of $181.5 million on the same basis. GAAP reported sales were 22% lower than the prior-year quarter's $229.3 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 -$0.04. The 19 earnings estimates compiled by S&P Capital IQ forecast -$0.01 per share. GAAP EPS were -$3.83 for Q3 against $0.17 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 48.5%, 710 basis points worse than the prior-year quarter. Operating margin was 14.0%, 1,940 basis points worse than the prior-year quarter. Net margin was -366.8%, 37,930 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $177.4 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $687.0 million. The average EPS estimate is -$0.21.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 830 members out of 858 rating the stock outperform, and 28 members rating it underperform. Among 194 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 186 give Quicksilver Resources a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quicksilver Resources is hold, with an average price target of $5.62.
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