Clayton Williams Energy
The 10-second takeaway
For the quarter ended June 30 (Q2), Clayton Williams Energy beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. GAAP earnings per share shrank to a loss.
Gross margins increased, operating margins shrank, net margins dropped.
Clayton Williams Energy logged revenue of $98.9 million. The five analysts polled by S&P Capital IQ expected revenue of $92.7 million on the same basis. GAAP reported sales were 5.2% lower than the prior-year quarter's $104.3 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 -$0.08. The five earnings estimates compiled by S&P Capital IQ anticipated $0.43 per share. GAAP EPS were -$0.08 for Q2 versus $2.70 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 68.6%, 400 basis points better than the prior-year quarter. Operating margin was 24.8%, much worse than the prior-year quarter. Net margin was -1.0%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $93.5 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $384.0 million. The average EPS estimate is -$1.90.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 205 members out of 226 rating the stock outperform, and 21 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Clayton Williams Energy a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Clayton Williams Energy is outperform, with an average price target of $53.83.
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