Canadian Natural Resources (TSX: CNQ) is expected to report Q4 earnings on March 7. 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 Canadian Natural Resources's revenues will wane -14.9% and EPS will shrink -55.2%.
The average estimate for revenue is $3.53 billion. On the bottom line, the average EPS estimate is $0.39.
Last quarter, Canadian Natural Resources tallied revenue of $3.59 billion. GAAP reported sales were 13% higher than the prior-year quarter's $3.17 billion.
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 of $0.33 for Q3 were 55% lower than the prior-year quarter's $0.73 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 52.6%, 430 basis points worse than the prior-year quarter. Operating margin was 16.3%, much worse than the prior-year quarter. Net margin was 10.2%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $14.98 billion. The average EPS estimate is $1.64.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,484 members out of 1,514 rating the stock outperform, and 30 members rating it underperform. Among 335 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 332 give Canadian Natural Resources 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 Canadian Natural Resources is outperform, with an average price target of $41.75.
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