What Does Wall Street See for Odyssey Marine Exploration's Q3?
Odyssey Marine Exploration (NAS: OMEX) is expected to report Q3 earnings around 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 Odyssey Marine Exploration's revenues will grow 154.2% and EPS will remain in the red.
The average estimate for revenue is $15.0 million. On the bottom line, the average EPS estimate is -$0.02.
Revenue details
Last quarter, Odyssey Marine Exploration notched revenue of $1.4 million. GAAP reported sales were 79% lower than the prior-year quarter's $6.7 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 -$0.21. GAAP EPS were -$0.21 for Q2 versus -$0.07 per share for the prior-year quarter.
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 -576.0%, 59,830 basis points worse than the prior-year quarter. Operating margin was -750.1%, 73,630 basis points worse than the prior-year quarter. Net margin was -1092.8%, 106,420 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $32.3 million. The average EPS estimate is -$0.30.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 148 members out of 195 rating the stock outperform, and 47 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Odyssey Marine Exploration a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Odyssey Marine Exploration is buy, with an average price target of $5.00.
Add Odyssey Marine Exploration to My Watchlist.
The article What Does Wall Street See for Odyssey Marine Exploration'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.
