Halcon Resources Whiffs on Revenues
Halcon Resources (NAS: HK) reported earnings on Mar. 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Halcon Resources whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP loss per share grew.
Margins dropped across the board.
Halcon Resources chalked up revenue of $12.4 million. The five analysts polled by S&P Capital IQ hoped for a top line of $26.6 million on the same basis. GAAP reported sales were 55% lower than the prior-year quarter's $27.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0. The five earnings estimates compiled by S&P Capital IQ predicted $0.03 per share on the same basis. GAAP EPS were -$0.46 for Q4 against -$0.18 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 13.6%, 5,030 basis points worse than the prior-year quarter. Operating margin was -96.8%, 10,920 basis points worse than the prior-year quarter. Net margin was -98.1%, 8,250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $29.1 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $115.9 million. The average EPS estimate is $0.05.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 274 members out of 293 rating the stock outperform, and 19 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Halcon Resources a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Halcon Resources is outperform, with an average price target of $6.20.
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At the time this article 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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