C&J Energy Services Increases Sales but Misses Estimates on Earnings
C&J Energy Services (NYS: CJES) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), C&J Energy Services missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share contracted significantly.
Margins contracted across the board.
C&J Energy Services logged revenue of $276.1 million. The six analysts polled by S&P Capital IQ expected revenue of $287.8 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $239.1 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 $0.46. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.55 per share. GAAP EPS of $0.46 for Q1 were 50% lower than the prior-year quarter's $0.92 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.1%, 550 basis points worse than the prior-year quarter. Operating margin was 14.7%, much worse than the prior-year quarter. Net margin was 9.1%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $309.0 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $1.22 billion. The average EPS estimate is $2.34.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 218 members out of 222 rating the stock outperform, and four members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give C&J Energy Services a green thumbs-up, and two 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 $27.50.
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The article C&J Energy Services Increases Sales but Misses Estimates on Earnings 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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