Will These Numbers from Contango Oil & Gas Be Good Enough for You?

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Contango Oil & Gas (AMEX: MCF) is expected to report Q3 earnings around Feb. 16. 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 Contango Oil & Gas's revenues will grow 4.0% and EPS will compress -7.3%.

The average estimate for revenue is $43.0 million. On the bottom line, the average EPS estimate is $0.89.


Revenue details
Last quarter, Contango Oil & Gas chalked up revenue of $34.9 million. GAAP reported sales were 35% lower than the prior-year quarter's $53.9 million.

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, EPS came in at $0.17. GAAP EPS of $0.17 for Q2 were 87% lower than the prior-year quarter's $1.27 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 85.8%, 120 basis points worse than the prior-year quarter. Operating margin was 11.7%, 4,590 basis points worse than the prior-year quarter. Net margin was 7.5%, 2,860 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $155.5 million. The average EPS estimate is $0.79.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 507 members out of 523 rating the stock outperform, and 16 members rating it underperform. Among 139 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 135 give Contango Oil & Gas a green thumbs-up, and four give it a red thumbs-down.

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The article Will These Numbers from Contango Oil & Gas Be Good Enough for You? 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 position in any of the stocks mentioned. 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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