Energy XXI Beats Analyst Estimates on EPS
Energy XXI (NAS: EXXI) reported earnings on Aug. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q4), Energy XXI met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share improved significantly.
Margins grew across the board.
Energy XXI reported revenue of $341.9 million. The six analysts polled by S&P Capital IQ expected revenue of $340.0 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $282.8 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 $0.93. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.90 per share. GAAP EPS of $0.93 for Q4 were 158% higher than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 72.5%, 560 basis points better than the prior-year quarter. Operating margin was 34.0%, 620 basis points better than the prior-year quarter. Net margin was 23.7%, 1,120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $349.2 million. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $1.52 billion. The average EPS estimate is $3.87.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 196 members out of 208 rating the stock outperform, and 12 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Energy XXI 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 Energy XXI is outperform, with an average price target of $42.36.
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The article Energy XXI Beats Analyst Estimates on EPS originally appeared on Fool.com.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. The Motley Fool has no positions in the stocks mentioned above. 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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