Will Ultra Petroleum Beat These Analyst Estimates?
Ultra Petroleum (NYS: UPL) is expected to report Q4 earnings around Feb. 16. 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 Ultra Petroleum's revenues will contract -5.4% and EPS will wither -12.1%.
The average estimate for revenue is $256.1 million. On the bottom line, the average EPS estimate is $0.51.
Revenue details
Last quarter, Ultra Petroleum notched revenue of $196.4 million. GAAP reported sales were 33% lower than the prior-year quarter's $293.1 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, non-GAAP EPS came in at $0.64. GAAP EPS were -$3.94 for Q3 compared to $0.97 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 67.9%, 870 basis points worse than the prior-year quarter. Operating margin was 15.3%, 6,890 basis points worse than the prior-year quarter. Net margin was -306.6%, 35,750 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $999.6 million. The average EPS estimate is $1.81.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,514 members out of 1,569 rating the stock outperform, and 55 members rating it underperform. Among 329 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 318 give Ultra Petroleum a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ultra Petroleum is hold, with an average price target of $26.16.
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The article Will Ultra Petroleum Beat These Analyst Estimates? 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 recommends Ultra Petroleum. The Motley Fool owns shares of Ultra Petroleum and has the following options: Long Jan 2014 $30 Calls on Ultra Petroleum, Long Jan 2014 $40 Calls on Ultra Petroleum, and Long Jan 2014 $50 Calls on Ultra Petroleum. 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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