FX Energy Beats on the Top Line

FX Energy (Nasdaq: FXEN  ) reported earnings on March 12. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FX Energy beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share grew.

Margins dropped across the board.

Revenue details
FX Energy recorded revenue of $9.0 million. The four analysts polled by S&P Capital IQ foresaw net sales of $7.6 million on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $6.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at -$0.05. The six earnings estimates compiled by S&P Capital IQ predicted -$0.03 per share on the same basis. GAAP EPS were -$0.20 for Q4 against -$0.04 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 72.8%, 840 basis points worse than the prior-year quarter. Operating margin was -21.8%, 2,520 basis points worse than the prior-year quarter. Net margin was -112.1%, 8,330 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $9.3 million. On the bottom line, the average EPS estimate is $0.00.

Next year's average estimate for revenue is $43.6 million. The average EPS estimate is $0.06.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 127 members out of 144 rating the stock outperform, and 17 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give FX Energy a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FX Energy is outperform, with an average price target of $9.46.

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