What Does Wall Street See for McDermott International's Q3?
McDermott International (NYS: MDR) is expected to report Q3 earnings on Nov. 6. 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 McDermott International's revenues will expand 11.9% and EPS will grow 500.0%.
The average estimate for revenue is $985.0 million. On the bottom line, the average EPS estimate is $0.24.
Revenue details
Last quarter, McDermott International tallied revenue of $889.2 million. GAAP reported sales were 4.6% higher than the prior-year quarter's $849.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.22. GAAP EPS of $0.22 for Q2 were 24% lower than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 14.6%, 260 basis points worse than the prior-year quarter. Operating margin was 9.2%, 90 basis points worse than the prior-year quarter. Net margin was 5.9%, 200 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $3.60 billion. The average EPS estimate is $0.97.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,294 members out of 1,326 rating the stock outperform, and 32 members rating it underperform. Among 293 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 287 give McDermott International 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 McDermott International is outperform, with an average price target of $16.44.
Are you missing a big story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
Add McDermott International to My Watchlist.
The article What Does Wall Street See for McDermott International's Q3? 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
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
