Noranda Aluminum Holding (NYS: NOR) is expected to report Q2 earnings on July 24. 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 Noranda Aluminum Holding's revenues will wane -9.9% and EPS will shrink to a loss.
The average estimate for revenue is $334.8 million. On the bottom line, the average EPS estimate is -$0.14.
Last quarter, Noranda Aluminum Holding chalked up revenue of $338.4 million. GAAP reported sales were 4.3% lower than the prior-year quarter's $353.5 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 -$0.02. GAAP EPS of $0.01 for Q1 were 96% lower than the prior-year quarter's $0.24 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 9.7%, 420 basis points worse than the prior-year quarter. Operating margin was 2.4%, 430 basis points worse than the prior-year quarter. Net margin was 0.2%, 440 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.36 billion. The average EPS estimate is -$0.31.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 40 members out of 43 rating the stock outperform, and three members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Noranda Aluminum Holding a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noranda Aluminum Holding is hold, with an average price target of $7.93.
Is Noranda Aluminum Holding the right metals stock for you? Find out the best way to profit from inflation and gold with a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.
Add Noranda Aluminum Holding to My Watchlist.
The article What to Expect from Noranda Aluminum Holding 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.