Spectra Energy (NYS: SE) 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 Spectra Energy's revenues will expand 2.8% and EPS will shrink -15.8%.
The average estimate for revenue is $1.15 billion. On the bottom line, the average EPS estimate is $0.32.
Last quarter, Spectra Energy reported revenue of $1.11 billion. GAAP reported sales were 6.4% lower than the prior-year quarter's $1.19 billion.
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 $0.33. GAAP EPS of $0.33 for Q2 were 23% lower than the prior-year quarter's $0.43 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 56.8%, 120 basis points better than the prior-year quarter. Operating margin was 32.9%, 90 basis points worse than the prior-year quarter. Net margin was 19.3%, 460 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $5.28 billion. The average EPS estimate is $1.59.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 821 members out of 850 rating the stock outperform, and 29 members rating it underperform. Among 243 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 236 give Spectra Energy a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spectra Energy is outperform, with an average price target of $32.83.
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The article It's Showtime for Spectra Energy 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 owns shares of Spectra Energy. Motley Fool newsletter services recommend Spectra Energy. 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.
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