Ivanhoe Energy (Nasdaq: IVAN ) 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 Ivanhoe Energy's revenues will increase 27.8% and EPS will remain in the red.
The average estimate for revenue is $12.2 million. On the bottom line, the average EPS estimate is -$0.04.
Last quarter, Ivanhoe Energy tallied revenue of $7.9 million. GAAP reported sales were 2.6% lower than the prior-year quarter's $8.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.03. GAAP EPS of -$0.03 were the same as 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 41.2%, 310 basis points worse than the prior-year quarter. Operating margin was -114.6%, 2,890 basis points better than the prior-year quarter. Net margin was -134.8%, 220 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $50.9 million. The average EPS estimate is -$0.14.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 278 members out of 309 rating the stock outperform, and 31 members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Ivanhoe Energy a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ivanhoe Energy is outperform, with an average price target of $1.74.
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