Energy XXI (Bermuda) Limited Falls Short of Analyst Expectations

Posted by on Oct 26, 2010 in Local News & Alerts | 0 comments

Analysts were expecting Energy XXI (Bermuda) Limited (EXXI) earnings to come in at $0.09 per share for last quarter, but EXXI missed expectations with actual earnings of $0.04—5 cents below the consensus estimate.

Yesterday’s announcement shows that EXXI has made some year-over-year improvements.

This quarter’s gain of 0.04 per share, compared with a loss of 0.42 per share during the same quarter a year ago is a positive sign for the company.

We’ll have to see if this negative announcement hurts EXXI’s stock price in the near term.

EXXI has gained 0.05 percent during the past month and is currently above its 200-day moving average.

EXXI is a part of the Oil & Gas Equipment & Services industry—along with stocks like Schlumberger Limited (SLB) and Helix Energy Solutions Group, Inc.

(HLX). During the next five years, analysts expect the earnings-per-share (EPS) growth rate in the industry to be 16.97 percent.

If you compare EXXI’s projected EPS growth rate of 3 percent to that of the industry, you can see that analysts expect EXXI to underperform the industry in the future by 13.97 percent.

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