Continental Resources (NYSE: CLR ) 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 Continental Resources's revenues will expand 41.9% and EPS will increase 26.5%.
The average estimate for revenue is $612.6 million. On the bottom line, the average EPS estimate is $0.86.
Last quarter, Continental Resources logged revenue of $533.0 million. GAAP reported sales were 34% higher than the prior-year quarter's $398.4 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 $0.68. GAAP EPS of $2.25 for Q2 were 69% higher than the prior-year quarter's $1.33 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 81.2%, 20 basis points worse than the prior-year quarter. Operating margin was 126.2%, 2,470 basis points better than the prior-year quarter. Net margin was 76.1%, 1,610 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.41 billion. The average EPS estimate is $3.25.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 705 members out of 736 rating the stock outperform, and 31 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give Continental Resources 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 Continental Resources is outperform, with an average price target of $93.03.
Is Continental Resources the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Continental Resources to My Watchlist.