Does The Street Have Denbury Resources Figured Out?
Denbury Resources (NYS: DNR) is expected to report Q1 earnings around May 2. 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 Denbury Resources's revenues will shrink -17.1% and EPS will drop -31.7%.
The average estimate for revenue is $534.5 million. On the bottom line, the average EPS estimate is $0.28.
Last quarter, Denbury Resources logged revenue of $609.2 million. GAAP reported sales were 1.5% lower than the prior-year quarter's $612.2 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 $0.36. GAAP EPS of $0.30 for Q4 were 131% higher than the prior-year quarter's $0.13 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 76.6%, 280 basis points worse than the prior-year quarter. Operating margin was 37.4%, much better than the prior-year quarter. Net margin was 19.0%, much better than the prior-year quarter.
The full year's average estimate for revenue is $2.42 billion. The average EPS estimate is $1.24.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,102 members out of 1,126 rating the stock outperform, and 24 members rating it underperform. Among 253 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 250 give Denbury Resources a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Denbury Resources is outperform, with an average price target of $21.57.
Is Denbury Resources the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Denbury Resources to My Watchlist.
The article Does The Street Have Denbury Resources 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 owns shares of Denbury Resources. 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.