Hess (NYS: HES) 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 Hess's revenues will drop -71.3% and EPS will decrease -17.4%.
The average estimate for revenue is $2.68 billion. On the bottom line, the average EPS estimate is $1.42.
Last quarter, Hess chalked up revenue of $3.43 billion. GAAP reported sales were 20% higher than the prior-year quarter's $2.90 billion.
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 $1.95. GAAP EPS of $3.72 for Q1 were 133% higher than the prior-year quarter's $1.60 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 79.1%, 680 basis points worse than the prior-year quarter. Operating margin was 34.5%, 320 basis points better than the prior-year quarter. Net margin was 36.8%, much better than the prior-year quarter.
The full year's average estimate for revenue is $11.76 billion. The average EPS estimate is $6.39.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 943 members out of 979 rating the stock outperform, and 36 members rating it underperform. Among 193 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 184 give Hess a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hess is outperform, with an average price target of $77.71.
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The article What to Expect from Hess originally appeared on Fool.com.
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