Quicksilver Resources Inc. Third Quarter Earnings Sneak Peek

Quicksilver Resources, Inc. (NYSE:KWK) will unveil its latest earnings on Monday, November 7, 2011. 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 estimate of analysts is for profit of 5 cents per share, a decline of 70.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 6 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 5 cents during the last month. For the year, analysts are projecting net income of 18 cents per share, a decline of 74.3% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of 7 cents per share against a mean estimate of net income of 6 cents per share. In the first quarter, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 6.4% in revenue from the year-earlier quarter to $222.4 million.

Analyst Ratings: Analysts seem relatively indifferent about Quicksilver Resources with 14 of 20 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 25.1% to $108.6 million (61 cents a share) from $86.8 million (49 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.7% to $248.4 million from $228.6 million.

Key Stats:

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 4.5%.

Competitors to Watch: Chesapeake Energy Corp. (NYSE:CHK), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), Cimarex Energy Co. (NYSE:XEC), Petrohawk Energy Corp. (NYSE:HK), Southwestern Energy Co. (NYSE:SWN), Tengasco, Inc. (AMEX:TGC), CREDO Petroleum Corp. (NASDAQ:CRED), Linn Energy, LLC (NASDAQ:LINE), and SM Energy Co. (NYSE:SM).

Stock Price Performance: During August 8, 2011 to November 1, 2011, the stock price had fallen $1.62 (-17.8%) from $9.10 to $7.48. The stock price saw one of its best stretches over the last year between October 7, 2011 and October 14, 2011 when shares rose for six-straight days, rising 15.6% (+$1.17) over that span. It saw one of its worst periods between August 1, 2011 and August 10, 2011 when shares fell for eight-straight days, falling 37.3% (-$5.30) over that span. Shares are down $7.26 (-49.3%) year to date.

(Source: Xignite Financials)

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