Charting Crosstex Energy's Latest Earnings Release
Crosstex Energy (NAS: XTEX) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Crosstex Energy met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased, and GAAP loss per share grew.
Gross margins grew, operating margins contracted, and net margins expanded.
Crosstex Energy reported revenue of $480.9 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $477.9 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $427.2 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 -$0.12. The four earnings estimates compiled by S&P Capital IQ averaged -$0.13 per share. GAAP EPS were -$0.12 for Q4 compared to -$0.08 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 20.3%, 560 basis points better than the prior-year quarter. Operating margin was 3.8%, 50 basis points worse than the prior-year quarter. Net margin was -0.3%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $485.8 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $2.14 billion. The average EPS estimate is -$0.12.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 203 members rating the stock outperform and 47 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Crosstex Energy a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crosstex Energy is outperform, with an average price target of $18.43.
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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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