Can Penn West Petroleum Beat These Numbers?
Penn West Petroleum (NYS: PWE) is expected to report Q3 earnings on Nov. 2. 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 Penn West Petroleum's revenues will wither -17.9% and EPS will shrink to a loss.
The average estimate for revenue is $749.7 million. On the bottom line, the average EPS estimate is -$0.03.
Last quarter, Penn West Petroleum logged revenue of $970.6 million. GAAP reported sales were 25% lower than the prior-year quarter's $810.8 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 $0.49. GAAP EPS of $0.49 for Q2 were 18% lower than the prior-year quarter's $0.60 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 57.9%, 710 basis points worse than the prior-year quarter. Operating margin was 60.8%, 2,460 basis points better than the prior-year quarter. Net margin was 37.7%, 300 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $3.16 billion. The average EPS estimate is $0.28.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,343 members out of 1,392 rating the stock outperform, and 49 members rating it underperform. Among 293 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 284 give Penn West Petroleum a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Penn West Petroleum is hold, with an average price target of $24.45.
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The article Can Penn West Petroleum Beat These Numbers? 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.
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