Endeavor International Earnings: Here’s Why Investors Don’t Like These Results

Endeavor International Corporation (AMEX:END) 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 1.43%.

Endeavor International Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.30 in the quarter versus EPS of $-1.31 in the year-earlier quarter.

Revenue: Rose 448.7% to $126.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Endeavor International Corporation reported adjusted EPS loss of $0.30 per share. By that measure, the company missed the mean analyst estimate of $-0.17. It beat the average revenue estimate of $73.72 million.

Quoting Management: “We remain focused and are making progress on operational matters related to the commencement of first production at Rochelle and improved performance at Alba,” said William L. Transier, chairman, chief executive officer and president. “The start-up of production from the Bacchus B-1 development is another achievement for the Company. The performance of this field continues to be very positive.”

Key Stats (on next page)…

Revenue increased 118.83% from $57.67 million in the previous quarter. EPS decreased to $-0.30 in the quarter versus EPS of $-0.26 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 $0.09 to a loss $0.15. For the current year, the average estimate has moved down from a profit of $0.31 to a loss of $0.63 over the last ninety days.

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