Comstock Resources
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Comstock Resources's revenues will wither -8.9% and EPS will remain in the red.
The average estimate for revenue is $113.9 million. On the bottom line, the average EPS estimate is -$0.28.
Revenue details
Last quarter, Comstock Resources logged revenue of $111.3 million. GAAP reported sales were 8.4% lower than the prior-year quarter's $103.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at -$0.54. GAAP EPS were -$0.58 for Q1 compared to $0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 79.4%, 290 basis points better than the prior-year quarter. Operating margin was -28.7%, 970 basis points worse than the prior-year quarter. Net margin was -28.6%, much worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $455.2 million. The average EPS estimate is -$0.95.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 278 members out of 301 rating the stock outperform, and 23 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Comstock Resources 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 Comstock Resources is outperform, with an average price target of $20.91.
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