Range Resources (NYSE: RRC ) is expected to report Q1 earnings on April 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 Range Resources's revenues will grow 57.8% and EPS will increase 86.7%.
The average estimate for revenue is $389.5 million. On the bottom line, the average EPS estimate is $0.28.
Last quarter, Range Resources logged revenue of $458.0 million. GAAP reported sales were 21% higher than the prior-year quarter's $345.0 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 $0.46. GAAP EPS were $0.33 for Q4 versus -$0.02 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 72.2%, 510 basis points worse than the prior-year quarter. Operating margin was 18.4%, much better than the prior-year quarter. Net margin was 12.7%, much better than the prior-year quarter.
The full year's average estimate for revenue is $1.75 billion. The average EPS estimate is $1.47.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 536 members out of 584 rating the stock outperform, and 48 members rating it underperform. Among 149 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 130 give Range Resources a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Range Resources is outperform, with an average price target of $76.39.
Is Range Resources the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Range Resources to My Watchlist.