Tenaris (NYSE: TS ) is expected to report Q3 earnings on Nov. 7. 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 Tenaris's revenues will grow 8.0% and EPS will grow 34.5%.
The average estimate for revenue is $2.69 billion. On the bottom line, the average EPS estimate is $0.74.
Last quarter, Tenaris booked revenue of $2.80 billion. GAAP reported sales were 17% higher than the prior-year quarter's $2.40 billion.
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 $0.78. GAAP EPS of $0.39 for Q2 were 63% higher than the prior-year quarter's $0.24 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 39.5%, 300 basis points better than the prior-year quarter. Operating margin was 22.2%, 510 basis points better than the prior-year quarter. Net margin was 16.5%, 450 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $11.01 billion. The average EPS estimate is $3.07.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 805 members out of 829 rating the stock outperform, and 24 members rating it underperform. Among 213 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 205 give Tenaris a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tenaris is outperform, with an average price target of $45.26.
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