HollyFrontier (NYSE: HFC ) 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 HollyFrontier's revenues will grow 2.5% and EPS will wither -6.4%.
The average estimate for revenue is $5.30 billion. On the bottom line, the average EPS estimate is $2.35.
Last quarter, HollyFrontier reported revenue of $4.81 billion. GAAP reported sales were 62% higher than the prior-year quarter's $2.97 billion.
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 $2.39. GAAP EPS of $2.39 for Q2 were 34% higher than the prior-year quarter's $1.79 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 18.8%, 600 basis points better than the prior-year quarter. Operating margin was 16.9%, 580 basis points better than the prior-year quarter. Net margin was 10.3%, 380 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $19.11 billion. The average EPS estimate is $7.19.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 732 members out of 765 rating the stock outperform, and 33 members rating it underperform. Among 194 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 191 give HollyFrontier a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HollyFrontier is outperform, with an average price target of $38.08.
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