Odyssey Marine Exploration (Nasdaq: OMEX ) is expected to report Q3 earnings around 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 Odyssey Marine Exploration's revenues will grow 154.2% and EPS will remain in the red.
The average estimate for revenue is $15.0 million. On the bottom line, the average EPS estimate is -$0.02.
Last quarter, Odyssey Marine Exploration notched revenue of $1.4 million. GAAP reported sales were 79% lower than the prior-year quarter's $6.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.21. GAAP EPS were -$0.21 for Q2 versus -$0.07 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 -576.0%, 59,830 basis points worse than the prior-year quarter. Operating margin was -750.1%, 73,630 basis points worse than the prior-year quarter. Net margin was -1092.8%, 106,420 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $32.3 million. The average EPS estimate is -$0.30.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 148 members out of 195 rating the stock outperform, and 47 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Odyssey Marine Exploration a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Odyssey Marine Exploration is buy, with an average price target of $5.00.