Canadian Natural Resources (TSX: CNQ) is expected to report Q1 earnings on May 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 Canadian Natural Resources's revenues will drop -5.9% and EPS will increase 55.6%.
The average estimate for revenue is $3.33 billion. On the bottom line, the average EPS estimate is $0.42.
Last quarter, Canadian Natural Resources reported revenue of $3.71 billion. GAAP reported sales were 11% lower than the prior-year quarter's $4.15 billion.
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 $0.33. GAAP EPS of $0.32 for Q4 were 57% lower than the prior-year quarter's $0.75 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 51.1%, much worse than the prior-year quarter. Operating margin was 15.4%, much worse than the prior-year quarter. Net margin was 9.5%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $15.68 billion. The average EPS estimate is $2.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,479 members out of 1,509 rating the stock outperform, and 30 members rating it underperform. Among 305 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 301 give Canadian Natural Resources a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Canadian Natural Resources is outperform, with an average price target of $39.66.
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The article What Does Wall Street See for Canadian Natural Resources's Q1? originally appeared on Fool.com.
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