Cimarex Energy Co. (NYSE:XEC) 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.
Cimarex Energy Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 15.87% to $1.06 in the quarter versus EPS of $1.26 in the year-earlier quarter.
Revenue: Rose 0.79% to $426.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cimarex Energy Co. reported adjusted EPS income of $1.06 per share. By that measure, the company missed the mean analyst estimate of $1.08. It missed the average revenue estimate of $429.19 million.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 3.28% from $440.87 million in the previous quarter. EPS decreased 10.17% from $1.18 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.11 to a profit $1.18. For the current year, the average estimate has moved up from a profit of $4.65 to a profit of $4.94 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)