Continental Resources (NYSE: CLR ) is expected to report Q2 earnings on Aug. 8. 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 Continental Resources' revenues will shrink -7.6% and EPS will grow 26.7%.
The average estimate for revenue is $557.3 million. On the bottom line, the average EPS estimate is $0.76.
Last quarter, Continental Resources reported revenue of $540.4 million. GAAP reported sales were 69% higher than the prior-year quarter's $333.1 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 $0.76. GAAP EPS were $0.38 for Q1 against -$0.80 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 82.2%, 90 basis points better than the prior-year quarter. Operating margin was 15.5%, 8,100 basis points better than the prior-year quarter. Net margin was 12.2%, 5,340 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.31 billion. The average EPS estimate is $3.23.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 698 members out of 729 rating the stock outperform, and 31 members rating it underperform. Among 110 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 104 give Continental Resources a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Continental Resources is outperform, with an average price target of $91.58.
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