Legacy Reserves Lp (Nasdaq: LGCY ) is expected to report Q3 earnings around Oct. 19. 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 Legacy Reserves Lp's revenues will grow 2.0% and EPS will contract -18.9%.
The average estimate for revenue is $86.1 million. On the bottom line, the average EPS estimate is $0.43.
Last quarter, Legacy Reserves Lp reported revenue of $79.2 million. GAAP reported sales were 15% lower than the prior-year quarter's $92.8 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 $0.21. GAAP EPS of $1.73 for Q2 were 15% higher than the prior-year quarter's $1.51 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 63.9%, 750 basis points worse than the prior-year quarter. Operating margin was 128.7%, 5,020 basis points better than the prior-year quarter. Net margin was 104.8%, 3,390 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $345.6 million. The average EPS estimate is $1.73.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 270 members out of 278 rating the stock outperform, and eight members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give Legacy Reserves Lp a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Legacy Reserves Lp is buy, with an average price target of $33.25.
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