Will These Numbers from Apache Be Good Enough for You?

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Apache (NYS: APA) is expected to report Q1 earnings on May 9. 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 Apache's revenues will wane -5.1% and EPS will wither -26.7%.

The average estimate for revenue is $4.31 billion. On the bottom line, the average EPS estimate is $2.20.


Revenue details
Last quarter, Apache reported revenue of $4.39 billion. GAAP reported sales were 1.6% higher than the prior-year quarter's $4.24 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 $2.27. GAAP EPS of $1.59 for Q4 were 46% lower than the prior-year quarter's $2.97 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 81.4%, 250 basis points worse than the prior-year quarter. Operating margin was 39.2%, 890 basis points worse than the prior-year quarter. Net margin was 15.5%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $17.71 billion. The average EPS estimate is $9.07.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,131 members out of 2,190 rating the stock outperform, and 59 members rating it underperform. Among 393 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 382 give Apache a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Apache is outperform, with an average price target of $108.09.

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The article Will These Numbers from Apache 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 owns shares of Apache. 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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