The 10-second takeaway
For the quarter ended March 31 (Q1), Bill Barrett missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share dropped to a loss. GAAP earnings per share shrank to a loss.
Margins contracted across the board.
Bill Barrett reported revenue of $138.3 million. The 10 analysts polled by S&P Capital IQ looked for a top line of $142.7 million on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $179.2 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 -$0.25. The nine earnings estimates compiled by S&P Capital IQ forecast -$0.04 per share. Non-GAAP EPS were -$0.25 for Q1 compared to $0.20 per share for the prior-year quarter. GAAP EPS were -$0.70 for Q1 against $0.76 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 70.9%, 140 basis points worse than the prior-year quarter. Operating margin was 1.3%, much worse than the prior-year quarter. Net margin was -24.0%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $155.1 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $622.2 million. The average EPS estimate is $0.32.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 186 members out of 205 rating the stock outperform, and 19 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Bill Barrett 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 Bill Barrett is hold, with an average price target of $24.00.
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