Canadian Natural Resources (TSX: CNQ) 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 Canadian Natural Resources's revenues will grow 10.5% and EPS will decrease -19.0%.
The average estimate for revenue is $3.50 billion. On the bottom line, the average EPS estimate is $0.51.
Last quarter, Canadian Natural Resources notched revenue of $3.75 billion. GAAP reported sales were 8.5% higher than the prior-year quarter's $3.46 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 $0.54. GAAP EPS of $0.67 for Q2 were 23% lower than the prior-year quarter's $0.87 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 54.0%, 110 basis points worse than the prior-year quarter. Operating margin was 29.9%, 460 basis points worse than the prior-year quarter. Net margin was 19.7%, 820 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $14.80 billion. The average EPS estimate is $1.88.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,486 members out of 1,519 rating the stock outperform, and 33 members rating it underperform. Among 345 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 341 give Canadian Natural 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 Canadian Natural Resources is outperform, with an average price target of $43.63.
Are you missing a major 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.