Forest Oil (NYSE: FST ) is expected to report Q3 earnings on Oct. 29. 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 Forest Oil's revenues will decrease -3.6% and EPS will drop -75.0%.
The average estimate for revenue is $167.9 million. On the bottom line, the average EPS estimate is $0.08.
Last quarter, Forest Oil chalked up revenue of $135.7 million. GAAP reported sales were 27% lower than the prior-year quarter's $186.6 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 $0.06. GAAP EPS were -$4.44 for Q2 compared to $0.34 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 72.2%, 660 basis points worse than the prior-year quarter. Operating margin was 34.0%, 3,030 basis points worse than the prior-year quarter. Net margin was -376.7%, 39,760 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $663.0 million. The average EPS estimate is $0.37.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 340 members out of 357 rating the stock outperform, and 17 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Forest Oil a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Forest Oil is hold, with an average price target of $14.25.
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