Rosetta Resources Earnings: Here’s Why Investors Don’t Like These Results

Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Rosetta Resources, Inc. (NASDAQ:ROSE) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.3%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Rosetta Resources, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 29.51% to $0.79 in the quarter versus EPS of $0.61 in the year-earlier quarter.

Revenue: Rose 30.8% to $178.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Rosetta Resources, Inc. reported adjusted EPS income of $0.79 per share. By that measure, the company missed the mean analyst estimate of $0.93. It missed the average revenue estimate of $183.06 million.

Quoting Management: “The momentum of our Eagle Ford development activities accelerated during 2012 as we achieved record levels of production, reserves, and cash flow, and ended the year with a fully self-funding Eagle Ford program,” said Randy Limbacher, Rosetta’s chairman, CEO and president. “Rosetta is on track to deliver another year of double-digit production growth. In addition, we continue to advance our efforts to capture new opportunities and further expand our substantial inventory of projects.”

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business