Chesapeake Energy's Upcoming Earnings: What You Need To Know
Chesapeake Energy (NYS: CHK) is expected to report Q2 earnings on Aug. 6. 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 wane -27.0% and EPS will drop -88.2%.
The average estimate for revenue is $2.42 billion. On the bottom line, the average EPS estimate is $0.09.
Revenue details
Last quarter, Chesapeake Energy reported revenue of $2.42 billion. GAAP reported sales were 50% higher than the prior-year quarter's $1.61 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 $0.18. GAAP EPS were -$0.11 for Q1 compared to -$0.32 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 30.2%, 1,360 basis points better than the prior-year quarter. Operating margin was 0.2%, 1,810 basis points better than the prior-year quarter. Net margin was -1.2%, 880 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $9.99 billion. The average EPS estimate is $0.40.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 7,537 members out of 7,784 rating the stock outperform, and 247 members rating it underperform. Among 1,323 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,275 give Chesapeake Energy a green thumbs-up, and 48 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chesapeake Energy is outperform, with an average price target of $28.48.
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The article Chesapeake Energy's Upcoming Earnings: What You Need To Know 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 the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, long JAN 2013 $25.00 calls on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, and long JAN 2014 $30.00 calls 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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