Walter Energy (NYSE: WLT ) is expected to report Q3 earnings on Nov. 5. 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 Walter Energy's revenues will shrink -5.0% and EPS will shrink -53.9%.
The average estimate for revenue is $655.6 million. On the bottom line, the average EPS estimate is $0.59.
Last quarter, Walter Energy notched revenue of $677.6 million. GAAP reported sales were 13% lower than the prior-year quarter's $764.6 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 $0.43. GAAP EPS of $0.51 for Q2 were 72% lower than the prior-year quarter's $1.83 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 27.3%, 1,170 basis points worse than the prior-year quarter. Operating margin was 10.2%, 1,230 basis points worse than the prior-year quarter. Net margin was 4.8%, 1,020 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.59 billion. The average EPS estimate is $1.51.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,530 members out of 1,615 rating the stock outperform, and 85 members rating it underperform. Among 373 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 356 give Walter Energy a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Walter Energy is hold, with an average price target of $72.22.
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