Will These Numbers from PAA Natural Gas Storage Be Good Enough for You?
PAA Natural Gas Storage (NYS: PNG) 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 PAA Natural Gas Storage's revenues will wane -31.7% and EPS will compress 0.0%.
The average estimate for revenue is $74.2 million. On the bottom line, the average EPS estimate is $0.23.
Revenue details
Last quarter, PAA Natural Gas Storage booked revenue of $112.7 million. GAAP reported sales were 29% lower than the prior-year quarter's $158.8 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 $0.31. GAAP EPS of $0.30 were the same as 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 34.9%, much better than the prior-year quarter. Operating margin was 22.0%, 720 basis points better than the prior-year quarter. Net margin was 19.9%, 600 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $318.4 million. The average EPS estimate is $0.94.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 66 members out of 66 rating the stock outperform, and members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give PAA Natural Gas Storage a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PAA Natural Gas Storage is hold, with an average price target of $19.72.
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The article Will These Numbers from PAA Natural Gas Storage Be Good Enough for You? 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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