McMoRan Exploration (NYS: MMR) is expected to report Q2 earnings around July 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 McMoRan Exploration's revenues will contract -38.7% and EPS will remain in the red.
The average estimate for revenue is $97.1 million. On the bottom line, the average EPS estimate is -$0.10.
Last quarter, McMoRan Exploration tallied revenue of $110.6 million. GAAP reported sales were 19% lower than the prior-year quarter's $137.0 million.
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 -$0.01. GAAP EPS were -$0.03 for Q1 against -$0.17 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 65.1%, 10 basis points better than the prior-year quarter. Operating margin was 6.5%, 2,590 basis points better than the prior-year quarter. Net margin was 5.0%, 1,650 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $397.0 million. The average EPS estimate is -$0.30.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 517 members out of 538 rating the stock outperform, and 21 members rating it underperform. Among 127 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 120 give McMoRan Exploration a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on McMoRan Exploration is outperform, with an average price target of $16.44.
How did McMoRan Exploration treat you during the oil spike in 2008 and the subsequent bust? More important, what are you doing to prepare for the next spike that some experts believe may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.
Add McMoRan Exploration to My Watchlist.
At the time thisarticle was published 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. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.