Atlas Energy Goes Red
Atlas Energy (NYS: ATLS) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Atlas Energy missed estimates on revenues and missed expectations on earnings per share.
Compared with the prior-year quarter, revenue increased significantly and GAAP earnings per share contracted to a loss.
Margins contracted across the board.
Atlas Energy reported revenue of $364.7 million. The one analyst polled by S&P Capital IQ expected a top line of $377.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $322.2 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 -$0.06. The one earnings estimate compiled by S&P Capital IQ predicted $0.30 per share. GAAP EPS were -$0.36 for Q1 versus $0.64 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 18.7%, 110 basis points worse than the prior-year quarter. Operating margin was 0.3%, 20 basis points worse than the prior-year quarter. Net margin was -5.1%, 1,450 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $346.7 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $1.76 billion. The average EPS estimate is $1.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 233 members out of 250 rating the stock outperform, and 18 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Atlas Energy a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atlas Energy is outperform, with an average price target of $34.00.
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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. He is the 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 don't 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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