Spectra Energy (NYSE: SE ) 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 to the prior-year quarter, average analyst estimates predict Spectra Energy's revenues will expand 6.6% and EPS will wither -14.3%.
The average estimate for revenue is $1.27 billion. On the bottom line, the average EPS estimate is $0.36.
Last quarter, Spectra Energy notched revenue of $1.54 billion. GAAP reported sales were 4.2% lower than the prior-year quarter's $1.61 billion.
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 $0.51. GAAP EPS of $0.51 for Q1 were 7.3% lower than the prior-year quarter's $0.55 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 51.2%, 80 basis points better than the prior-year quarter. Operating margin was 33.5%, 80 basis points worse than the prior-year quarter. Net margin was 21.6%, 50 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $5.59 billion. The average EPS estimate is $1.67.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 814 members out of 842 rating the stock outperform, and 28 members rating it underperform. Among 229 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 222 give Spectra Energy a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spectra Energy is outperform, with an average price target of $33.33.
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