Quicksilver Resources, Inc. First Quarter Earnings Sneak Peek

Quicksilver Resources, Inc. (NYSE:KWK) will unveil its latest earnings on Tuesday, May 8, 2012. Quicksilver Resources is an independent energy company engaged mainly in exploration, development, and production of unconventional natural gas onshore in North America.

Quicksilver Resources, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for a loss of 4 cents per share, a spike from profit of 2 cents in the year-ago quarter. During the past three months, the average estimate has moved down from a loss of 3 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 4 cents during the last month. Analysts are projecting net loss of 8 cents per share versus net income of 12 cents last year.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the fourth quarter of the last fiscal year, it missed the mark by 2 cents as a result of reporting 0 cents against an estimate of profit of 2 cents per share. In the third quarter of the last fiscal year, the company fell short of forecasts by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $186.6 million in revenue this quarter, a decline of 12.1% from the year-ago quarter. Analysts are forecasting total revenue of $798.5 million for the year, a decline of 14.7% from last year’s revenue of $936 million.

Analyst Ratings: Analysts seem relatively indifferent about Quicksilver Resources with 11 of 18 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 92.6% to $23.5 million (13 cents a share) from $318.3 million ($1.77 a share) the year earlier, missing analyst expectations. Revenue fell 7% to $223.1 million from $239.9 million.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 9.3% in the third quarter of the last fiscal year and 8.7% in the second quarter of the last fiscal year before falling in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 6, 2012 and May 2, 2012, the stock price fell $1.05 (-19.1%), from $5.50 to $4.45. The stock price saw one of its best stretches over the last year between April 24, 2012 and May 1, 2012, when shares rose for six straight days, increasing 27.6% (+$1.05) over that span. It saw one of its worst periods between January 5, 2012 and January 17, 2012 when shares fell for eight straight days, dropping 22% (-$1.56) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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