Rex Energy Increases Sales but Misses Revenue Estimate
Rex Energy (NAS: REXX) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Rex Energy missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share contracted.
Gross margins contracted, operating margins grew, net margins improved.
Rex Energy tallied revenue of $33.8 million. The five analysts polled by S&P Capital IQ looked for a top line of $35.8 million on the same basis. GAAP reported sales were 44% higher than the prior-year quarter's $23.4 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 $0.11. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.08 per share. GAAP EPS were -$0.03 for Q1 compared to -$0.17 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 63.6%, 570 basis points worse than the prior-year quarter. Operating margin was 10.2%, 6,020 basis points better than the prior-year quarter. Net margin was -4.8%, 2,720 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $37.3 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $164.6 million. The average EPS estimate is $0.34.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 343 members out of 362 rating the stock outperform, and 19 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Rex Energy a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rex Energy is outperform, with an average price target of $15.35.
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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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