QR Energy (NYSE: QRE ) 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 QR Energy's revenues will increase 141.4% and EPS will grow 209.1%.
The average estimate for revenue is $76.4 million. On the bottom line, the average EPS estimate is $0.34.
Last quarter, QR Energy booked revenue of $65.8 million. GAAP reported sales were 4.7% higher than the prior-year quarter's $62.8 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 $1.04. GAAP EPS were -$0.49 for Q1 against -$0.82 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 65.0%, 350 basis points worse than the prior-year quarter. Operating margin was 0.3%, 6,930 basis points better than the prior-year quarter. Net margin was -11.0%, 6,310 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $309.4 million. The average EPS estimate is $1.40.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 38 members out of 40 rating the stock outperform, and two members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give QR Energy a green thumbs-up, and none give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QR Energy is outperform, with an average price target of $24.50.
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