QEP Resources (NYS: QEP) 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 QEP Resources's revenues will shrink -23.8% and EPS will wane -25.5%.
The average estimate for revenue is $649.3 million. On the bottom line, the average EPS estimate is $0.35.
Last quarter, QEP Resources logged revenue of $499.3 million. GAAP reported sales were 38% lower than the prior-year quarter's $808.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.31. GAAP EPS shrank to zero from the prior-year quarter's $0.52.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 50.7%, 220 basis points better than the prior-year quarter. Operating margin was 5.8%, 1,510 basis points worse than the prior-year quarter. Net margin was -0.1%, 1,160 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.55 billion. The average EPS estimate is $1.51.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 56 members out of 59 rating the stock outperform, and three members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give QEP Resources 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 QEP Resources is outperform, with an average price target of $40.68.
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The article Will QEP Resources Beat These Analyst Estimates? originally appeared on Fool.com.
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