QEP Resources's Upcoming Earnings: What You Need To Know
QEP Resources (NYS: QEP) is expected to report Q2 earnings on July 31. 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 QEP Resources's revenues will grow 65.0% and EPS will increase 12.9%.
The average estimate for revenue is $823.9 million. On the bottom line, the average EPS estimate is $0.35.
Last quarter, QEP Resources tallied revenue of $696.5 million. GAAP reported sales were 15% higher than the prior-year quarter's $603.2 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 $0.28. GAAP EPS were -$0.02 for Q1 versus $0.87 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 53.2%, 480 basis points better than the prior-year quarter. Operating margin was 4.5%, much worse than the prior-year quarter. Net margin was -0.6%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $3.25 billion. The average EPS estimate is $1.54.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 53 members out of 56 rating the stock outperform, and three members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give QEP Resources 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 QEP Resources is outperform, with an average price target of $38.71.
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The article QEP Resources's Upcoming Earnings: What You Need To Know originally appeared on Fool.com.
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