What Does Wall Street See for National Fuel Gas' Q3?
National Fuel Gas (NYS: NFG) is expected to report Q3 earnings around Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict National Fuel Gas' revenues will grow 2.1% and EPS will drop -17.9%.
The average estimate for revenue is $389.0 million. On the bottom line, the average EPS estimate is $0.46.
Last quarter, National Fuel Gas logged revenue of $552.3 million. GAAP reported sales were 16% lower than the prior-year quarter's $660.9 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 $0.89. GAAP EPS of $0.81 for Q2 were 41% lower than the prior-year quarter's $1.38 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 40.9%, 500 basis points better than the prior-year quarter. Operating margin was 23.9%, 60 basis points better than the prior-year quarter. Net margin was 12.2%, 530 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.76 billion. The average EPS estimate is $2.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 211 members out of 221 rating the stock outperform, and 10 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give National Fuel Gas a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on National Fuel Gas is outperform, with an average price target of $63.55.
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The article What Does Wall Street See for National Fuel Gas' Q3? 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 the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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