Will These Numbers from Northern Oil and Gas Be Good Enough for You?

Northern Oil and Gas (AMEX: NOG) 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 Northern Oil and Gas's revenues will grow 207.1% and EPS will increase 28.6%.

The average estimate for revenue is $82.9 million. On the bottom line, the average EPS estimate is $0.27.

Revenue details
Last quarter, Northern Oil and Gas reported revenue of $82.4 million. GAAP reported sales were 84% higher than the prior-year quarter's $43.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.27. GAAP EPS shrank to zero from the prior-year quarter's $0.46.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 79.1%, 220 basis points worse than the prior-year quarter. Operating margin was 13.2%, 9,180 basis points worse than the prior-year quarter. Net margin was 0.4%, 6,500 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $294.5 million. The average EPS estimate is $1.03.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 585 members out of 646 rating the stock outperform, and 61 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give Northern Oil and Gas a green thumbs-up, and 16 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Northern Oil and Gas is outperform, with an average price target of $26.40.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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