What Does Wall Street See for Chesapeake Energy's Q2?
Chesapeake Energy (NYS: CHK) is expected to report Q2 earnings on Aug. 1. 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 Chesapeake Energy's revenues will expand 9.4% and EPS will grow 583.3%.
The average estimate for revenue is $3.71 billion. On the bottom line, the average EPS estimate is $0.41.
Last quarter, Chesapeake Energy reported revenue of $3.42 billion. GAAP reported sales were 42% higher than the prior-year quarter's $2.42 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.30. GAAP EPS were $0.02 for Q1 compared to -$0.11 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 34.0%, 380 basis points better than the prior-year quarter. Operating margin was 5.7%, 550 basis points better than the prior-year quarter. Net margin was 1.7%, 290 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $14.34 billion. The average EPS estimate is $1.53.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 7,419 members out of 7,651 rating the stock outperform, and 232 members rating it underperform. Among 1,262 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,221 give Chesapeake Energy a green thumbs-up, and 41 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chesapeake Energy is hold, with an average price target of $24.07.
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The article What Does Wall Street See for Chesapeake Energy's Q2? 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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has the following options: long January 2014 $20 calls on Chesapeake Energy, long January 2014 $30 calls on Chesapeake Energy, and short January 2014 $15 puts on Chesapeake Energy. 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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