Rex Energy Earnings: Everything You Must Know Now
Rex Energy Corporation (NASDAQ:REXX) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Rex Energy Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 1300% to $0.14 in the quarter versus EPS of $0.01 in the year-earlier quarter.
Revenue: Rose 83.08% to $55.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rex Energy Corporation reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0.12. It missed the average revenue estimate of $56.24 million.
Key Stats (on next page)…
Revenue increased 16.71% from $47.47 million in the previous quarter. EPS increased 40% from $0.10 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.18 to a profit $0.17. For the current year, the average estimate has moved down from a profit of $0.64 to a profit of $0.63 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)