Northern Oil and Gas (AMEX: NOG) is expected to report Q2 earnings around Aug. 5. 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 Northern Oil and Gas' revenues will improve 35.6% and EPS will improve 100.0%.
The average estimate for revenue is $68.9 million. On the bottom line, the average EPS estimate is $0.24.
Last quarter, Northern Oil and Gas logged revenue of $50.5 million. GAAP reported sales were much higher than the prior-year quarter's $27.1 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 $0.23. GAAP EPS were $0.14 for Q1 compared to -$0.11 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 80.7%, 220 basis points worse than the prior-year quarter. Operating margin was 22.7%, 6,830 basis points better than the prior-year quarter. Net margin was 13.5%, 3,960 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $301.7 million. The average EPS estimate is $1.07.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 584 members out of 647 rating the stock outperform, and 63 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give Northern Oil and Gas a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Northern Oil and Gas is outperform, with an average price target of $31.20.
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