ION Geophysical (NYS: IO) is expected to report Q2 earnings around Aug. 3. 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 ION Geophysical's revenues will grow 35.8% and EPS will increase 250.0%.
The average estimate for revenue is $120.3 million. On the bottom line, the average EPS estimate is $0.07.
Last quarter, ION Geophysical logged revenue of $111.7 million. GAAP reported sales were 23% higher than the prior-year quarter's $90.6 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 $0.05. GAAP EPS of $0.05 for Q1 were much higher than the prior-year quarter's $0.00 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 36.8%, 240 basis points better than the prior-year quarter. Operating margin was 10.4%, 370 basis points better than the prior-year quarter. Net margin was 7.7%, 720 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $584.5 million. The average EPS estimate is $0.47.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 739 members out of 778 rating the stock outperform, and 39 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give ION Geophysical a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ION Geophysical is outperform, with an average price target of $12.50.
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The article Will ION Geophysical Beat These Analyst Estimates? originally appeared on Fool.com.
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