The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Bill Barrett missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share dropped significantly. GAAP earnings per share grew.
Gross margins dropped, operating margins increased, net margins grew.
Bill Barrett logged revenue of $179.8 million. The 13 analysts polled by S&P Capital IQ predicted sales of $189.2 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $208.5 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 $0.20. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.10 per share. Non-GAAP EPS of $0.20 for Q4 were 55% lower than the prior-year quarter's $0.44 per share. GAAP EPS were $0.30 for Q4 versus -$0.81 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 72.8%, 270 basis points worse than the prior-year quarter. Operating margin was 20.8%, much better than the prior-year quarter. Net margin was 7.8%, much better than the prior-year quarter.
Next quarter's average estimate for revenue is $151.2 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $635.7 million. The average EPS estimate is $0.49.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bill Barrett is outperform, with an average price target of $28.07.
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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 position in any of the stocks mentioned. 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.