EXCO Resources Goes Red
EXCO Resources (NYS: XCO) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), EXCO Resources whiffed on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share shrank to a loss. The non-GAAP profit was a surprise, as analysts had predicted a loss.
Margins contracted across the board.
EXCO Resources reported revenue of $134.8 million. The three analysts polled by S&P Capital IQ expected a top line of $189.4 million on the same basis. GAAP reported sales were 16% lower than the prior-year quarter's $161.2 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 $0.03. The 10 earnings estimates compiled by S&P Capital IQ predicted -$0.01 per share. GAAP EPS were -$1.32 for Q1 against $0.10 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 58.2%, 1,560 basis points worse than the prior-year quarter. Operating margin was -230.7%, 24,810 basis points worse than the prior-year quarter. Net margin was -208.9%, 22,250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $183.1 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $753.5 million. The average EPS estimate is -$0.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 477 members rating the stock outperform and 25 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give EXCO Resources a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EXCO Resources is hold, with an average price target of $10.
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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.