What Does Wall Street See for PetroQuest Energy's Q4?
PetroQuest Energy (NYS: PQ) is expected to report Q4 earnings on Feb. 28. 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 PetroQuest Energy's revenues will grow 1.0% and EPS will compress -42.9%.
The average estimate for revenue is $38.5 million. On the bottom line, the average EPS estimate is $0.04.
Last quarter, PetroQuest Energy chalked up revenue of $34.0 million. GAAP reported sales were 13% lower than the prior-year quarter's $39.0 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 -$0.05. GAAP EPS were -$0.62 for Q3 compared to $0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 69.0%, 70 basis points worse than the prior-year quarter. Operating margin was 4.6%, 1,360 basis points worse than the prior-year quarter. Net margin was -110.0%, 12,280 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $143.6 million. The average EPS estimate is -$0.02.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 427 members out of 454 rating the stock outperform, and 27 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give PetroQuest Energy a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PetroQuest Energy is outperform, with an average price target of $8.14.
Looking for an alternative to PetroQuest Energy? By investing in this multibillion-dollar energy company, you can get in before its stock rebounds, when natural gas prices eventually do turn upward. And until natural gas prices do rebound (which a top Motley Fool analyst expects will happen by 2014), you can cash in on its stable 5.7% dividend. Click here for instant access to this free report.
- Add PetroQuest Energy to My Watchlist.
The article What Does Wall Street See for PetroQuest Energy's Q4? 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 position in any of the stocks mentioned. 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.