Crosstex Energy Earnings Preview: Can This Streak Continue?

Crosstex Energy (NASDAQ:XTXI) will report earnings before markets open on Thursday, May 9th. Crosstex Energy, Inc. is an independent midstream energy services company that offers supply and marketing services to oil and gas producers and consumers. The Company is involved in natural gas gathering, treating, processing, transmission, distribution, supply and marketing, and crude oil marketing. Crosstex owns pipelines and plant facilities in several key regions.

Here is your Cheat Sheet to Crosstex Energy Earnings:

Earnings Expectations: Analysts expect earnings of $-0.11 per share on revenues of $468.83 million.

Analyst Trends:

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 loss of $0.12 to a loss $0.13. For the current year, the average estimate is a loss of $0.47, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Crosstex Energy has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 3,076 1,584 1,793 2,014 1,656
Diluted EPS ($) 0.51 0.33 -0.24 -0.12 -0.26

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 480.94 371.71 351.19 406.97 525.98
Diluted EPS ($) -0.0383 -0.02 -0.03 -0.09 -0.1196

Past Performance:
Crosstex Energy has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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