Can W&T Offshore Meet These Numbers?
W&T Offshore (NYS: WTI) is expected to report Q3 earnings on Oct. 30. 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 W&T Offshore's revenues will drop -20.4% and EPS will drop -64.3%.
The average estimate for revenue is $195.2 million. On the bottom line, the average EPS estimate is $0.20.
Last quarter, W&T Offshore logged revenue of $215.5 million. GAAP reported sales were 15% lower than the prior-year quarter's $252.9 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 of $0.70 for Q2 were 4.1% lower than the prior-year quarter's $0.73 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 69.5%, 950 basis points worse than the prior-year quarter. Operating margin was 46.0%, 30 basis points better than the prior-year quarter. Net margin was 24.9%, 310 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $879.0 million. The average EPS estimate is $1.24.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on W&T Offshore is hold, with an average price target of $23.00.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add W&T Offshore to My Watchlist.
The article Can W&T Offshore Meet These Numbers? 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 positions in the stocks mentioned above. 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 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.