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Plains Exploration & Production (NYSE: PXP ) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Plains Exploration & Production's revenues will grow 12.4% and EPS will improve 22.2%.
The average estimate for revenue is $578.8 million. On the bottom line, the average EPS estimate is $0.66.
Last quarter, Plains Exploration & Production reported revenue of $524.3 million. GAAP reported sales were 22% higher than the prior-year quarter's $430.3 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 $0.58. GAAP EPS were -$0.64 for Q1 against $0.49 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 74.4%, 280 basis points better than the prior-year quarter. Operating margin was 11.9%, 730 basis points worse than the prior-year quarter. Net margin was -15.7%, 3,220 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.36 billion. The average EPS estimate is $2.71.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 393 members out of 405 rating the stock outperform, and 12 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Plains Exploration & Production 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 Plains Exploration & Production is outperform, with an average price target of $53.88.
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