Clayton Williams Energy Earnings: Here’s Why Investors Don’t Like These Results

Clayton Williams Energy Inc. (NASDAQ:CWEI) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.19%.

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Clayton Williams Energy Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-3.39 in the quarter versus EPS of $0.64 in the year-earlier quarter.

Revenue: Decreased 1.99% to $106.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Clayton Williams Energy Inc. reported adjusted EPS loss of $3.39 per share. By that measure, the company missed the mean analyst estimate of $0.48. It beat the average revenue estimate of $93.71 million.

Quoting Management: There was no comment from management.

Key Stats (on next page)…

Revenue increased 5.21% from $101.61 million in the previous quarter. EPS decreased to $-3.39 in the quarter versus EPS of $0.14 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.60 to a profit $0.53. For the current year, the average estimate has moved up from a profit of $2.53 to a profit of $2.58 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)