Abraxas Petroleum (Nasdaq: AXAS ) is expected to report Q3 earnings around 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 Abraxas Petroleum's revenues will shrink -5.0% and EPS will shrink to a loss.
The average estimate for revenue is $17.1 million. On the bottom line, the average EPS estimate is -$0.01.
Revenue details
Last quarter, Abraxas Petroleum reported revenue of $15.9 million. GAAP reported sales were 4.3% lower than the prior-year quarter's $16.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.02. GAAP EPS of $0.12 for Q2 were 20% higher than the prior-year quarter's $0.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 56.9%, 110 basis points worse than the prior-year quarter. Operating margin was 78.9%, 1,540 basis points better than the prior-year quarter. Net margin was 68.4%, 1,470 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $70.5 million. The average EPS estimate is $0.03.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 740 members out of 772 rating the stock outperform, and 32 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Abraxas Petroleum a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Abraxas Petroleum is outperform, with an average price target of $5.36.
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Report this Comment On November 08, 2012, at 9:45 AM, Jayce1Roberts wrote:
Seth, your numbers are wrong. AXAS production is to increase in the 3rdQ. Additionally commodity prices were higher.
Look for a EPS of .02 cents to .04 cents.
You need to work on your math my friend and actually listen to the conference calls.
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