Can EOG Resources Meet These Numbers?

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EOG Resources (NYS: EOG) is expected to report Q3 earnings around Nov. 5. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict EOG Resources's revenues will compress -5.2% and EPS will expand 33.7%.

The average estimate for revenue is $2.74 billion. On the bottom line, the average EPS estimate is $1.11.


Revenue details
Last quarter, EOG Resources chalked up revenue of $2.91 billion. GAAP reported sales were 18% higher than the prior-year quarter's $2.22 billion.

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

EPS details
Last quarter, non-GAAP EPS came in at $1.16. GAAP EPS of $1.47 for Q2 were 34% higher than the prior-year quarter's $1.10 per share.

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

Recent performance
For the preceding quarter, gross margin was 57.8%, 590 basis points worse than the prior-year quarter. Operating margin was 22.2%, 310 basis points better than the prior-year quarter. Net margin was 15.2%, 190 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.26 billion. The average EPS estimate is $4.64.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 842 members out of 874 rating the stock outperform, and 32 members rating it underperform. Among 222 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 213 give EOG Resources a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EOG Resources is outperform, with an average price target of $128.59.

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The article Can EOG Resources Meet These Numbers? originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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