The Gory Details on Cheniere Energy's Double Miss
Cheniere Energy (AMEX: LNG) reported earnings on Feb. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Cheniere Energy missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP loss per share dropped. GAAP loss per share shrank.
Margins contracted across the board.
Cheniere Energy reported revenue of $67.4 million. The two analysts polled by S&P Capital IQ foresaw revenue of $71.5 million on the same basis. GAAP reported sales were 7.1% lower than the prior-year quarter's $72.6 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 -$0.19. The one earnings estimate compiled by S&P Capital IQ predicted -$0.15 per share. Non-GAAP EPS were -$0.19 for Q4 compared to -$0.66 per share for the prior-year quarter. GAAP EPS were -$0.44 for Q4 compared to -$0.66 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 52.6%, much worse than the prior-year quarter. Operating margin was -23.6%, much worse than the prior-year quarter. Net margin was -139.9%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $71.9 million. On the bottom line, the average EPS estimate is -$0.15.
Next year's average estimate for revenue is $276.8 million. The average EPS estimate is -$0.98.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 606 members out of 702 rating the stock outperform, and 96 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give Cheniere Energy a green thumbs-up, and 22 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cheniere Energy is buy, with an average price target of $21.75.
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The article The Gory Details on Cheniere Energy's Double Miss 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 position in any of the stocks mentioned. 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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