Halcón Resources (NYSE: HK ) is expected to report Q4 earnings on Feb. 28. 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 Halcón Resources's revenues will increase 346.8% and EPS will compress -75.0%.
The average estimate for revenue is $114.1 million. On the bottom line, the average EPS estimate is $0.02.
Last quarter, Halcón Resources tallied revenue of $73.1 million. GAAP reported sales were much higher than the prior-year quarter's $24.2 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 -$0.01. GAAP EPS were -$0.11 for Q3 compared to $0.45 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 77.3%, 830 basis points better than the prior-year quarter. Operating margin was -18.3%, 13,630 basis points worse than the prior-year quarter. Net margin was -27.6%, 7,630 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $244.2 million. The average EPS estimate is $0.00.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 282 members out of 295 rating the stock outperform, and 13 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Halcón Resources a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Halcón Resources is outperform, with an average price target of $11.78.
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