Quicksilver Resources Inc. (NYSE:KWK) 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.
Quicksilver Resources Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.04 in the quarter versus EPS of $-0.09 in the year-earlier quarter.
Revenue: Rose 2.56% to $149.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Quicksilver Resources Inc. reported adjusted EPS loss of $0.04 per share. By that measure, the company missed the mean analyst estimate of $-0.01. It beat the average revenue estimate of $147.66 million.
Quoting Management: “Quicksilver Resources is continuing to make progress on our streamlining and deleveraging efforts,” said Glenn Darden, Quicksilver’s President and Chief Executive Officer. “We are focused on the most important projects and we’re bringing in partners to both reduce debt and assist in the development of our assets.”
Key Stats (on next page)…
Revenue decreased 31.34% from $217.31 million in the previous quarter. EPS increased to $-0.04 in the quarter versus EPS of $-0.01 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 loss of $0.08 to a profit $0.01. For the current year, the average estimate has moved up from a loss of $0.28 to a profit of $0.02 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)