The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EXCO Resources whiffed on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share increased significantly. GAAP loss per share expanded.
Margins dropped across the board.
EXCO Resources chalked up revenue of $152.2 million. The seven analysts polled by S&P Capital IQ expected revenue of $182.5 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $178.9 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 $0.17. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.17 per share. Non-GAAP EPS of $0.17 for Q4 were 89% higher than the prior-year quarter's $0.09 per share. GAAP EPS were -$1.25 for Q4 compared to -$0.78 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 67.4%, 80 basis points worse than the prior-year quarter. Operating margin was -202.0%, 24,360 basis points worse than the prior-year quarter. Net margin was -176.8%, 8,360 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $147.3 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $643.0 million. The average EPS estimate is $0.34.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 486 members out of 513 rating the stock outperform, and 27 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give EXCO Resources a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EXCO Resources is hold, with an average price target of $7.30.
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