TransGlobe Energy (Nasdaq: TGA ) is expected to report Q2 earnings on Aug. 9. 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 TransGlobe Energy's revenues will improve 17.7%.
The average estimate for revenue is $73.7 million. On the bottom line, the average EPS estimate is $0.29.
Last quarter, TransGlobe Energy tallied revenue of $77.2 million. GAAP reported sales were 46% higher than the prior-year quarter's $52.9 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 $0.15. GAAP EPS of $0.15 for Q1 were 275% higher than the prior-year quarter's $0.04 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 84.5%, 120 basis points worse than the prior-year quarter. Operating margin was 59.7%, 2,030 basis points better than the prior-year quarter. Net margin was 14.2%, 870 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $329.3 million. The average EPS estimate is $1.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 500 members out of 523 rating the stock outperform, and 23 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 92 give TransGlobe Energy a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TransGlobe Energy is outperform, with an average price target of $15.25.
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