The 10-second takeaway
For the quarter ended Sep. 30 (Q3), FX Energy missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share increased.
Gross margins grew, operating margins contracted, net margins grew.
FX Energy recorded revenue of $9.6 million. The three analysts polled by S&P Capital IQ expected to see a top line of $10.0 million on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $10.1 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 -$0.16. The five earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were $0.04 for Q3 against -$0.53 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 86.9%, 1,360 basis points better than the prior-year quarter. Operating margin was -62.7%, 5,420 basis points worse than the prior-year quarter. Net margin was 20.8%, 29,280 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $10.1 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $36.4 million. The average EPS estimate is $0.04.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 123 members out of 139 rating the stock outperform, and 16 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give FX Energy 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 FX Energy is buy, with an average price target of $10.25.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add FX Energy to My Watchlist.
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.