The Gory Details on Crimson Exploration's Double Fumble
Crimson Exploration (NAS: CXPO) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Crimson Exploration missed estimates on revenues and earnings per share.
Compared with the prior-year quarter, revenue shrank and GAAP loss per share dropped.
Gross margins contracted, operating margins expanded, net margins improved.
Crimson Exploration reported revenue of $26.7 million. The four analysts polled by S&P Capital IQ expected revenue of $27.5 million on the same basis. GAAP reported sales were 3.4% lower than the prior-year quarter's $27.6 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 -$0.08. The five earnings estimates compiled by S&P Capital IQ predicted -$0.06 per share. GAAP EPS were -$0.10 for Q1 compared to -$0.19 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 77.3%, 130 basis points worse than the prior-year quarter. Operating margin was 1.6%, 2,220 basis points better than the prior-year quarter. Net margin was -16.5%, 1,440 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $32.3 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $132.8 million. The average EPS estimate is -$0.01.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 107 members out of 111 rating the stock outperform, and four members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Crimson Exploration a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crimson Exploration is outperform, with an average price target of $4.27.
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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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