Legacy Reserves Lp (Nasdaq: LGCY ) is expected to report Q4 earnings on Feb. 25. 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 Legacy Reserves Lp's revenues will grow 6.6% and EPS will wane -25.0%.
The average estimate for revenue is $92.7 million. On the bottom line, the average EPS estimate is $0.42.
Last quarter, Legacy Reserves Lp logged revenue of $84.2 million. GAAP reported sales were 0.2% lower than the prior-year quarter's $84.4 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 $0.23. GAAP EPS were -$0.49 for Q3 versus $2.87 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 60.4%, 720 basis points worse than the prior-year quarter. Operating margin was -21.3%, 17,740 basis points worse than the prior-year quarter. Net margin was -28.0%, 17,630 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $351.3 million. The average EPS estimate is $1.66.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 277 members out of 284 rating the stock outperform, and seven members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Legacy Reserves Lp a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Legacy Reserves Lp is buy, with an average price target of $31.38.
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