Does The Street Have Williams Companies Figured Out?
Williams Companies (NYS: WMB) is expected to report Q3 earnings on Oct. 30. 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 Williams Companies's revenues will decrease -25.5% and EPS will wither -32.5%.
The average estimate for revenue is $2.01 billion. On the bottom line, the average EPS estimate is $0.27.
Last quarter, Williams Companies booked revenue of $1.85 billion. GAAP reported sales were 7.0% lower than the prior-year quarter's $1.98 billion.
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 $0.22. GAAP EPS of $0.21 for Q2 were 45% lower than the prior-year quarter's $0.38 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 26.9%, 260 basis points worse than the prior-year quarter. Operating margin was 19.0%, 420 basis points worse than the prior-year quarter. Net margin was 7.2%, 420 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $7.90 billion. The average EPS estimate is $1.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 520 members out of 542 rating the stock outperform, and 22 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give Williams Companies a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Williams Companies is outperform, with an average price target of $36.31.
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The article Does The Street Have Williams Companies Figured Out? 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 no positions in the stocks mentioned above. 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.