Denbury Resources (NYSE: DNR ) is expected to report Q3 earnings on Nov. 6. 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 Denbury Resources's revenues will expand 5.4% and EPS will wane -13.5%.
The average estimate for revenue is $607.4 million. On the bottom line, the average EPS estimate is $0.32.
Last quarter, Denbury Resources reported revenue of $601.8 million. GAAP reported sales were 0.2% higher than the prior-year quarter's $596.4 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 of $0.54 for Q2 were 16% lower than the prior-year quarter's $0.64 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 79.0%, 40 basis points better than the prior-year quarter. Operating margin was 65.8%, 1,190 basis points worse than the prior-year quarter. Net margin was 35.5%, 800 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.48 billion. The average EPS estimate is $1.43.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,110 members out of 1,134 rating the stock outperform, and 24 members rating it underperform. Among 272 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 268 give Denbury Resources a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Denbury Resources is outperform, with an average price target of $24.66.
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