Quicksilver Resources (NYS: KWK) reported earnings on Nov. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Quicksilver Resources missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Quicksilver Resources reported revenue of $177.7 million. The 12 analysts polled by S&P Capital IQ wanted to see revenue of $181.5 million on the same basis. GAAP reported sales were 22% lower than the prior-year quarter's $229.3 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 -$0.04. The 19 earnings estimates compiled by S&P Capital IQ forecast -$0.01 per share. GAAP EPS were -$3.83 for Q3 against $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 48.5%, 710 basis points worse than the prior-year quarter. Operating margin was 14.0%, 1,940 basis points worse than the prior-year quarter. Net margin was -366.8%, 37,930 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $177.4 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $687.0 million. The average EPS estimate is -$0.21.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 830 members out of 858 rating the stock outperform, and 28 members rating it underperform. Among 194 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 186 give Quicksilver Resources a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quicksilver Resources is hold, with an average price target of $5.62.
Is Quicksilver Resources the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
Add Quicksilver Resources to My Watchlist.
The article Quicksilver Resources Goes Red 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.