Ultra Petroleum (NYSE: UPL ) is expected to report Q3 earnings around Nov. 1. 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 Ultra Petroleum's revenues will shrink -8.7% and EPS will wane -33.3%.
The average estimate for revenue is $267.7 million. On the bottom line, the average EPS estimate is $0.48.
Last quarter, Ultra Petroleum chalked up revenue of $170.3 million. GAAP reported sales were 39% lower than the prior-year quarter's $280.6 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 $0.36. GAAP EPS were -$7.76 for Q2 against $0.67 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 62.6%, 1,380 basis points worse than the prior-year quarter. Operating margin was -28.8%, 9,180 basis points worse than the prior-year quarter. Net margin was -697.1%, 73,400 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.02 billion. The average EPS estimate is $1.55.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,522 members out of 1,573 rating the stock outperform, and 51 members rating it underperform. Among 303 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 292 give Ultra Petroleum a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ultra Petroleum is hold, with an average price target of $28.63.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add Ultra Petroleum to My Watchlist.