Northwest Natural Gas (NYSE: NWN) is expected to report Q2 earnings on Aug. 3. 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 Northwest Natural Gas' revenue will increase 9.1% and EPS will shrink 36.0%.
The average estimate for revenue is $73.3 million. On the bottom line, the average EPS estimate is $0.16.
Last quarter, Northwest Natural Gas booked revenue of $139.9 million. GAAP reported sales were 1.7% lower than the prior-year quarter's $323.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.51. GAAP EPS of $1.51 for Q1 were 1.3% lower than the prior-year quarter's $1.53 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 35.7%, 130 basis points better than the prior-year quarter. Operating margin was 24.8%, 70 basis points better than the prior-year quarter. Net margin was 12.8%, 20 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $387.5 million. The average EPS estimate is $2.50.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 131 members out of 137 rating the stock outperform, and six members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Northwest Natural Gas a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Northwest Natural Gas is outperform, with an average price target of $48.38.
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