What to Expect From Denbury Resources

Seth Jayson, The Motley Fool
Updated

Denbury Resources (NYS: DNR) is expected to report Q2 earnings on Aug. 2. 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 Denbury Resources' revenues will improve 1.2% and EPS will shrink -8.1%.

The average estimate for revenue is $608.5 million. On the bottom line, the average EPS estimate is $0.34.


Revenue details
Last quarter, Denbury Resources logged revenue of $645.1 million. GAAP reported sales were 25% higher than the prior-year quarter's $511.1 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, non-GAAP EPS came in at $0.41. GAAP EPS were $0.29 for Q1 against -$0.04 per share for the prior-year quarter.

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 77.5%, 210 basis points better than the prior-year quarter. Operating margin was 37.3%, 2,930 basis points better than the prior-year quarter. Net margin was 17.7%, 2,050 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $2.53 billion. The average EPS estimate is $1.45.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,089 members out of 1,109 rating the stock outperform, and 20 members rating it underperform. Among 249 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 248 give Denbury Resources a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Denbury Resources is outperform, with an average price target of $25.50.

The article What to Expect From Denbury Resources 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 Denbury Resources. 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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