Alpha Natural Resources (NYS: ANR) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Alpha Natural Resources beat slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped to a loss.
Margins shrank across the board.
Alpha Natural Resources notched revenue of $1.93 billion. The 13 analysts polled by S&P Capital IQ predicted revenue of $1.90 billion on the same basis. GAAP reported sales were 71% higher than the prior-year quarter's $1.13 billion.
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 -$0.27. The 24 earnings estimates compiled by S&P Capital IQ averaged -$0.06 per share. GAAP EPS were -$0.13 for Q1 versus $0.41 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 15.8%, 890 basis points worse than the prior-year quarter. Operating margin was -1.5%, 1,060 basis points worse than the prior-year quarter. Net margin was -1.5%, 590 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.84 billion. On the bottom line, the average EPS estimate is -$0.24.
Next year's average estimate for revenue is $7.53 billion. The average EPS estimate is -$0.77.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 853 members out of 897 rating the stock outperform, and 44 members rating it underperform. Among 178 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 165 give Alpha Natural Resources a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alpha Natural Resources is outperform, with an average price target of $25.20.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
Add Alpha Natural Resources to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.