Resolute Energy (NYS: REN) reported earnings on Aug. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Resolute Energy beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share stayed the same.
Margins dropped across the board.
Resolute Energy reported revenue of $64.5 million. The five analysts polled by S&P Capital IQ foresaw sales of $57.8 million on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $59.9 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 $0.01. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. GAAP EPS of $0.37 were the same as 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 54.7%, 900 basis points worse than the prior-year quarter. Operating margin was 16.5%, 5,250 basis points worse than the prior-year quarter. Net margin was 35.4%, 740 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $57.4 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $230.4 million. The average EPS estimate is $0.07.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 30 members out of 40 rating the stock outperform, and 10 members rating it underperform. Among eight CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give Resolute Energy a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Resolute Energy is outperform, with an average price target of $13.57.
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The article Resolute Energy Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.
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