Range Resources (NYSE: RRC ) 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 Range Resources's revenues will expand 3.4% and EPS will wither -39.3%.
The average estimate for revenue is $349.7 million. On the bottom line, the average EPS estimate is $0.17.
Last quarter, Range Resources logged revenue of $442.4 million. GAAP reported sales were 4.1% higher than the prior-year quarter's $284.9 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 $0.11. GAAP EPS of $0.34 for Q2 were 6.3% higher than the prior-year quarter's $0.32 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 71.8%, 550 basis points worse than the prior-year quarter. Operating margin was 47.3%, 130 basis points better than the prior-year quarter. Net margin was 18.8%, 80 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.38 billion. The average EPS estimate is $0.63.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 549 members out of 597 rating the stock outperform, and 48 members rating it underperform. Among 162 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 142 give Range Resources a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Range Resources is outperform, with an average price target of $73.10.
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