SandRidge Energy (NYSE: SD ) is expected to report Q3 earnings on Nov. 8. 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 SandRidge Energy's revenues will increase 45.6% and EPS will decrease -100.0%.
The average estimate for revenue is $529.8 million. On the bottom line, the average EPS estimate is $0.00.
Last quarter, SandRidge Energy logged revenue of $478.4 million. GAAP reported sales were 31% higher than the prior-year quarter's $364.8 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 $0.07. GAAP EPS of $1.47 for Q2 were 250% higher than the prior-year quarter's $0.42 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 66.3%, 150 basis points better than the prior-year quarter. Operating margin was 161.5%, 8,500 basis points better than the prior-year quarter. Net margin was 172.0%, 11,440 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.97 billion. The average EPS estimate is $0.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,502 members out of 1,558 rating the stock outperform, and 56 members rating it underperform. Among 306 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 295 give SandRidge Energy 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 SandRidge Energy is outperform, with an average price target of $9.55.
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