What to Expect from Northern Oil and Gas
Northern Oil and Gas (AMEX: NOG) is expected to report Q1 earnings on May 6. 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 Northern Oil and Gas's revenues will grow 39.3% and EPS will grow 21.7%.
The average estimate for revenue is $83.3 million. On the bottom line, the average EPS estimate is $0.28.
Revenue details
Last quarter, Northern Oil and Gas logged revenue of $84.7 million. GAAP reported sales were 51% higher than the prior-year quarter's $53.3 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 $0.34. GAAP EPS were $0.31 for Q4 compared to -$0.03 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 78.2%, 560 basis points worse than the prior-year quarter. Operating margin was 43.0%, much better than the prior-year quarter. Net margin was 24.3%, much better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $382.7 million. The average EPS estimate is $1.29.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 585 members out of 641 rating the stock outperform, and 56 members rating it underperform. Among 81 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Northern Oil and Gas a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Northern Oil and Gas is outperform, with an average price target of $24.36.
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The article What to Expect from Northern Oil and Gas 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.
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