Charting Crosstex Energy's Latest Earnings Release

Seth Jayson, The Motley Fool
Updated

Crosstex Energy (NAS: XTEX) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Crosstex Energy met expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue increased, and GAAP loss per share grew.

Gross margins grew, operating margins contracted, and net margins expanded.

Revenue details
Crosstex Energy reported revenue of $480.9 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $477.9 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $427.2 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.12. The four earnings estimates compiled by S&P Capital IQ averaged -$0.13 per share. GAAP EPS were -$0.12 for Q4 compared to -$0.08 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 20.3%, 560 basis points better than the prior-year quarter. Operating margin was 3.8%, 50 basis points worse than the prior-year quarter. Net margin was -0.3%, 30 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $485.8 million. On the bottom line, the average EPS estimate is -$0.08.

Next year's average estimate for revenue is $2.14 billion. The average EPS estimate is -$0.12.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 203 members rating the stock outperform and 47 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Crosstex Energy a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crosstex Energy is outperform, with an average price target of $18.43.

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At the time thisarticle was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.

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