Rosetta Resources Earnings: Here’s Why Investors Don’t Like These Results

Rosetta Resources, Inc. (NASDAQ:ROSE) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.3%.

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Rosetta Resources, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 29.51% to $0.79 in the quarter versus EPS of $0.61 in the year-earlier quarter.

Revenue: Rose 30.8% to $178.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rosetta Resources, Inc. reported adjusted EPS income of $0.79 per share. By that measure, the company missed the mean analyst estimate of $0.93. It missed the average revenue estimate of $183.06 million.

Quoting Management: “The momentum of our Eagle Ford development activities accelerated during 2012 as we achieved record levels of production, reserves, and cash flow, and ended the year with a fully self-funding Eagle Ford program,” said Randy Limbacher, Rosetta’s chairman, CEO and president. “Rosetta is on track to deliver another year of double-digit production growth. In addition, we continue to advance our efforts to capture new opportunities and further expand our substantial inventory of projects.”

Key Stats (on next page)…

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