Carrizo Oil & Gas (Nasdaq: CRZO ) is expected to report Q2 earnings on Aug. 7. 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 Carrizo Oil & Gas' revenues will increase 60.5% and EPS will increase 58.3%.
The average estimate for revenue is $86.8 million. On the bottom line, the average EPS estimate is $0.38.
Last quarter, Carrizo Oil & Gas reported revenue of $91.7 million. GAAP reported sales were 83% higher than the prior-year quarter's $44.1 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 $0.45. GAAP EPS of $0.24 for Q1 were much higher than the prior-year quarter's $0.02 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 85.7%, 300 basis points better than the prior-year quarter. Operating margin was 31.4%, 970 basis points better than the prior-year quarter. Net margin was 11.7%, 1,000 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $409.2 million. The average EPS estimate is $2.21.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 269 members out of 299 rating the stock outperform, and 30 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Carrizo Oil & Gas a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carrizo Oil & Gas is outperform, with an average price target of $38.21.
Is Carrizo Oil & Gas the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.