TransGlobe Energy (NAS: TGA) is expected to report Q3 earnings on Nov. 8. 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 TransGlobe Energy's revenues will grow 10.5% and EPS will wane -2.9%.
The average estimate for revenue is $79.5 million. On the bottom line, the average EPS estimate is $0.34.
Last quarter, TransGlobe Energy tallied revenue of $73.8 million. GAAP reported sales were 18% higher than the prior-year quarter's $62.5 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 $0.21. GAAP EPS of $0.25 for Q2 were 14% 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.
For the preceding quarter, gross margin was 84.5%, 100 basis points worse than the prior-year quarter. Operating margin was 59.3%, 470 basis points worse than the prior-year quarter. Net margin was 40.9%, 590 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $318.1 million. The average EPS estimate is $1.34.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 504 members out of 527 rating the stock outperform, and 23 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 105 give TransGlobe Energy a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TransGlobe Energy is outperform, with an average price target of $14.75.
Are you missing a major 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 TransGlobe Energy to My Watchlist.
The article TransGlobe Energy, in the Spotlight Soon 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.