Canadian Natural Resources (TSX: CNQ) is expected to report Q2 earnings around Thursday. 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 Canadian Natural Resources's revenues will grow 2.0% and EPS will shrink -8.6%.
The average estimate for revenue is $3.53 billion. On the bottom line, the average EPS estimate is $0.53.
Last quarter, Canadian Natural Resources tallied revenue of $3.53 billion. GAAP reported sales were 16% higher than the prior-year quarter's $3.04 billion.
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 $0.27. GAAP EPS of $0.39 for Q1 were much 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 50.2%, 10 basis points worse than the prior-year quarter. Operating margin was 19.8%, 870 basis points better than the prior-year quarter. Net margin was 12.1%, 1,050 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $14.58 billion. The average EPS estimate is $2.00.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,484 members rating the stock outperform and 31 members rating it underperform. Among 327 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 323 give Canadian Natural Resources a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Canadian Natural Resources is outperform, with an average price target of $47.75.
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