QR Energy (NYSE: QRE ) is expected to report Q4 earnings on March 6. 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 QR Energy's revenues will grow 18.4% and EPS will shrink -55.8%.
The average estimate for revenue is $76.2 million. On the bottom line, the average EPS estimate is $0.23.
Last quarter, QR Energy reported revenue of $65.0 million. GAAP reported sales were 0.3% higher than the prior-year quarter's $64.8 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 $0.32. GAAP EPS were -$1.26 for Q3 compared to $1.45 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 62.0%, 70 basis points worse than the prior-year quarter. Operating margin was -51.4%, much worse than the prior-year quarter. Net margin was -69.3%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $269.4 million. The average EPS estimate is $0.90.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 94 members out of 98 rating the stock outperform, and four members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give QR Energy a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QR Energy is outperform, with an average price target of $21.44.
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