Penn West Petroleum (NYS: PWE) 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 Penn West Petroleum's revenues will decrease -25.6% and EPS will shrink to a loss.
The average estimate for revenue is $662.8 million. On the bottom line, the average EPS estimate is -$0.05.
Last quarter, Penn West Petroleum booked revenue of $793.6 million. GAAP reported sales were 19% lower than the prior-year quarter's $799.7 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 -$0.09. GAAP EPS were -$0.11 for Q4 compared to -$0.13 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 61.4%, 440 basis points worse than the prior-year quarter. Operating margin was -38.8%, much worse than the prior-year quarter. Net margin was -8.2%, 60 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.76 billion. The average EPS estimate is -$0.07.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,353 members out of 1,401 rating the stock outperform, and 48 members rating it underperform. Among 258 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 249 give Penn West Petroleum a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Penn West Petroleum is hold, with an average price target of $10.91.
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The article Will Penn West Petroleum Beat These Analyst Estimates? originally appeared on Fool.com.
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