Encana (NYSE: ECA ) is expected to report Q3 earnings on Oct. 24. 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 Encana's revenues will compress -32.7% and EPS will expand 62.5%.
The average estimate for revenue is $1.58 billion. On the bottom line, the average EPS estimate is $0.26.
Last quarter, Encana recorded revenue of $731.0 million. GAAP reported sales were 63% lower than the prior-year quarter's $1.99 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 were -$2.01 for Q2 compared to $0.52 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 21.8%, 4,070 basis points worse than the prior-year quarter. Operating margin was -57.6%, 8,730 basis points worse than the prior-year quarter. Net margin was -202.7%, 22,200 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $5.72 billion. The average EPS estimate is $1.10.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,121 members out of 1,154 rating the stock outperform, and 33 members rating it underperform. Among 236 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 231 give Encana a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Encana is hold, with an average price target of $20.50.
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