Rex Energy Earnings: Everything You Must Know Now
Rex Energy Corporation (NASDAQ:REXX) delivered a profit and met 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.
Rex Energy Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 9.09% to $0.1 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Rose 40.41% to $47.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rex Energy Corporation reported adjusted EPS income of $0.1 per share. By that measure, the company missed the mean analyst estimate of $0.1. It beat the average revenue estimate of $46.98 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 5.27% from $45.12 million in the previous quarter. EPS decreased 9.09% from $0.11 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 profit of $0.13 and has not changed. For the current year, the average estimate has moved up from a profit of $0.59 to a profit of $0.64 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)