The 10-second takeaway
For the quarter ended March 31 (Q1), FX Energy missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share. GAAP earnings per share shrank to a loss.
Gross margins expanded, operating margins shrank, net margins dropped.
FX Energy logged revenue of $9.5 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $9.7 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $8.6 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 -$0.04. The four earnings estimates compiled by S&P Capital IQ forecast -$0.02 per share. Non-GAAP EPS were -$0.04 for Q1 versus $0.00 per share for the prior-year quarter. GAAP EPS were -$0.22 for Q1 versus $0.28 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 89.4%, 700 basis points better than the prior-year quarter. Operating margin was -18.4%, much worse than the prior-year quarter. Net margin was -120.6%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $9.9 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $42.0 million. The average EPS estimate is -$0.02.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 120 members out of 137 rating the stock outperform, and 17 members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give FX Energy a green thumbs-up, and three 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 $7.10.
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