The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Resolute Energy met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Resolute Energy reported revenue of $63.4 million. The five analysts polled by S&P Capital IQ expected to see a top line of $63.4 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $54.0 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 $0.02. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.03 per share. GAAP EPS were -$0.04 for Q3 compared to $0.59 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 53.1%, 550 basis points worse than the prior-year quarter. Operating margin was 11.6%, 10,130 basis points worse than the prior-year quarter. Net margin was -3.9%, 7,340 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $63.5 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $235.3 million. The average EPS estimate is $0.10.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 34 members out of 45 rating the stock outperform, and 11 members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Resolute Energy a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Resolute Energy is outperform, with an average price target of $12.64.
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