Does The Street Have Ultra Petroleum Figured Out?
Ultra Petroleum (NYS: UPL) is expected to report Q2 earnings around Aug. 1. 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 Ultra Petroleum's revenues will increase 37.9% and EPS will expand 16.7%.
The average estimate for revenue is $234.8 million. On the bottom line, the average EPS estimate is $0.42.
Revenue details
Last quarter, Ultra Petroleum recorded revenue of $225.6 million. GAAP reported sales were 0.2% lower than the prior-year quarter's $226.1 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 $0.38. GAAP EPS of $0.11 for Q1 were 80% lower than the prior-year quarter's $0.55 per share.
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 67.8%, 130 basis points better than the prior-year quarter. Operating margin was 18.1%, much worse than the prior-year quarter. Net margin was 7.3%, much worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $942.9 million. The average EPS estimate is $1.65.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,522 members out of 1,577 rating the stock outperform, and 55 members rating it underperform. Among 300 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 290 give Ultra Petroleum a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ultra Petroleum is hold, with an average price target of $21.55.
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The article Does The Street Have Ultra Petroleum Figured Out? 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 recommends Ultra Petroleum. The Motley Fool owns shares of Ultra Petroleum and has the following options: long January 2014 $30 calls on Ultra Petroleum, long January 2014 $40 calls on Ultra Petroleum, and long January 2014 $50 calls on Ultra Petroleum. 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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