Plains Exploration & Production (NYSE: PXP ) is expected to report Q4 earnings around Jan. 31. 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 Plains Exploration & Production's revenues will increase 47.9% and EPS will grow 175.0%.
The average estimate for revenue is $765.5 million. On the bottom line, the average EPS estimate is $0.55.
Last quarter, Plains Exploration & Production reported revenue of $605.1 million. GAAP reported sales were 21% higher than the prior-year quarter's $501.8 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 $0.39. GAAP EPS were -$0.41 for Q3 compared to -$0.62 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 73.5%, about the same as the prior-year quarter. Operating margin was 6.3%, 5,230 basis points worse than the prior-year quarter. Net margin was -8.8%, 880 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.49 billion. The average EPS estimate is $1.96.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 388 members out of 402 rating the stock outperform, and 14 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Plains Exploration & Production 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 Plains Exploration & Production is hold, with an average price target of $52.63.
Is Plains Exploration & Production 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 Plains Exploration & Production to My Watchlist.