C&J Energy Services Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

C&J Energy Services (NYS: CJES) reported earnings on Oct. 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), C&J Energy Services met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew slightly.


Margins shrank across the board.

Revenue details
 C&J Energy Services tallied revenue of $307.8 million. The six analysts polled by S&P Capital IQ predicted revenue of $307.3 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $229.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.91. The eight earnings estimates compiled by S&P Capital IQ predicted $0.88 per share. GAAP EPS of $0.91 for Q3 were 2.2% higher than the prior-year quarter's $0.89 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 38.7%, 70 basis points worse than the prior-year quarter. Operating margin was 24.3%, 910 basis points worse than the prior-year quarter. Net margin was 16.0%, 420 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $312.6 million. On the bottom line, the average EPS estimate is $0.82.

Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $3.61.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 210 members out of 217 rating the stock outperform, and seven members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give C&J Energy Services 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 C&J Energy Services is outperform, with an average price target of $24.67.

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The article C&J Energy Services 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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