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PetroQuest Energy Goes Negative

By Seth Jayson - Updated Apr 7, 2017 at 11:49AM

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Just the facts, Fool.

PetroQuest Energy (NYSE: PQ) reported earnings on Nov. 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), PetroQuest Energy missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank to a loss.

Margins dropped across the board.

Revenue details
PetroQuest Energy logged revenue of $34.0 million. The five analysts polled by S&P Capital IQ predicted sales of $36.8 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $39.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.05. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.02 per share. GAAP EPS were -$0.62 for Q3 versus $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.

Margin details
For the quarter, gross margin was 69.0%, 70 basis points worse than the prior-year quarter. Operating margin was 5.6%, 1,260 basis points worse than the prior-year quarter. Net margin was -110.0%, 12,280 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $43.4 million. On the bottom line, the average EPS estimate is $0.06.

Next year's average estimate for revenue is $148.6 million. The average EPS estimate is $0.07.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 433 members out of 461 rating the stock outperform, and 28 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give PetroQuest Energy a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PetroQuest Energy is outperform, with an average price target of $8.14.

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