Petrohawk Energy Earnings: Here’s Why Investors are Not Happy Now
Petrohawk Energy Corporation (NYSE:HK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 7.36%.
Petrohawk Energy Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.05 in the quarter versus EPS of $ in the year-earlier quarter.
Revenue: Rose 609.71% to $190.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Petrohawk Energy Corporation reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $0.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 52.99% from $124.65 million in the previous quarter. EPS increased to $0.05 in the quarter versus EPS of $ in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0 and has not changed. For the current year, the average estimate is a loss of $0, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)