Magnum Hunter Resources (NYSE: MHR ) 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 Magnum Hunter Resources' revenues will increase 114.3% and EPS will remain in the red.
The average estimate for revenue is $71.7 million. On the bottom line, the average EPS estimate is -$0.04.
Last quarter, Magnum Hunter Resources notched revenue of $57.2 million. GAAP reported sales were much higher than the prior-year quarter's $14.5 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 -$0.01. GAAP EPS were -$0.13 for Q1 versus -$0.12 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 69.0%, 100 basis points better than the prior-year quarter. Operating margin was -21.3%, 920 basis points better than the prior-year quarter. Net margin was -21.8%, 2,420 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $317.2 million. The average EPS estimate is -$0.07.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 162 members out of 173 rating the stock outperform, and 11 members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Magnum Hunter Resources a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Magnum Hunter Resources is buy, with an average price target of $8.54.
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