Kodiak Oil & Gas Earnings Are on Deck
Kodiak Oil & Gas (NYS: KOG) is expected to report Q3 earnings on Nov. 1. 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 Kodiak Oil & Gas's revenues will increase 312.0% and EPS will grow 83.3%.
The average estimate for revenue is $121.7 million. On the bottom line, the average EPS estimate is $0.11.
Last quarter, Kodiak Oil & Gas booked revenue of $85.8 million. GAAP reported sales were much higher than the prior-year quarter's $22.1 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 $0.10. GAAP EPS of $0.35 for Q2 were 338% higher than the prior-year quarter's $0.08 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 79.9%, 10 basis points worse than the prior-year quarter. Operating margin was 142.0%, 7,840 basis points better than the prior-year quarter. Net margin was 108.5%, 4,510 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $456.1 million. The average EPS estimate is $0.47.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 788 members out of 829 rating the stock outperform, and 41 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 108 give Kodiak Oil & Gas 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 Kodiak Oil & Gas is outperform, with an average price target of $11.15.
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The article Kodiak Oil & Gas Earnings Are on Deck 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. TMFDisclosureHere