What Does Wall Street See for Legacy Reserves Lp's Q2?
Legacy Reserves Lp (NAS: LGCY) is expected to report Q2 earnings around July 19. 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 Legacy Reserves Lp's revenues will grow 46.8% and EPS will expand 42.9%.
The average estimate for revenue is $116.2 million. On the bottom line, the average EPS estimate is $0.30.
Revenue details
Last quarter, Legacy Reserves Lp reported revenue of $108.9 million. GAAP reported sales were 18% higher than the prior-year quarter's $92.6 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 $0.19. GAAP EPS were -$0.12 for Q1 compared to $0.15 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 63.9%, 570 basis points worse than the prior-year quarter. Operating margin was 3.6%, 600 basis points worse than the prior-year quarter. Net margin was -6.2%, much worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $469.2 million. The average EPS estimate is $1.11.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 268 members out of 275 rating the stock outperform, and seven members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 give Legacy Reserves Lp a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Legacy Reserves Lp is outperform, with an average price target of $30.92.
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The article What Does Wall Street See for Legacy Reserves Lp's Q2? 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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