Noble (NYSE: NE ) is expected to report Q2 earnings on July 18. 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 Noble's revenues will grow 43.1% and EPS will grow 247.1%.
The average estimate for revenue is $898.4 million. On the bottom line, the average EPS estimate is $0.59.
Last quarter, Noble reported revenue of $797.7 million. GAAP reported sales were 37% higher than the prior-year quarter's $556.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.47. GAAP EPS of $0.47 for Q1 were 124% higher than the prior-year quarter's $0.21 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 43.7%, 30 basis points better than the prior-year quarter. Operating margin was 18.8%, 710 basis points better than the prior-year quarter. Net margin was 15.8%, 600 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $3.69 billion. The average EPS estimate is $2.75.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,243 members out of 2,276 rating the stock outperform, and 33 members rating it underperform. Among 520 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 512 give Noble a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noble is outperform, with an average price target of $45.06.
How did Noble treat you during the oil spike in 2008 and the subsequent bust? More importantly, what are you doing to prepare for the next spike that some experts believe another spike may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.