Vantage Drilling (AMEX: VTG) is expected to report Q3 earnings on Nov. 9. 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 Vantage Drilling's revenues will compress -6.0% and EPS will remain in the red.
The average estimate for revenue is $111.4 million. On the bottom line, the average EPS estimate is -$0.03.
Last quarter, Vantage Drilling booked revenue of $105.1 million. GAAP reported sales were 0.5% lower than the prior-year quarter's $101.1 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 -$0.03. GAAP EPS were -$0.03 for Q2 against -$0.14 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 50.3%, 1,500 basis points better than the prior-year quarter. Operating margin was 31.8%, 10 basis points worse than the prior-year quarter. Net margin was -9.9%, 2,970 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $510.1 million. The average EPS estimate is -$0.05.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 182 members out of 194 rating the stock outperform, and 12 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give Vantage Drilling a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vantage Drilling is outperform, with an average price target of $1.98.
Are you missing a big story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.