What Does Wall Street See for Noble Energy's Q1?

Noble Energy (NYSE: NBL  ) 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 Noble Energy's revenues will contract -7.4% and EPS will wane -29.7%.

The average estimate for revenue is $1.08 billion. On the bottom line, the average EPS estimate is $1.23.

Revenue details
Last quarter, Noble Energy recorded revenue of $1.17 billion. GAAP reported sales were 31% higher than the prior-year quarter's $850.0 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 $1.65. GAAP EPS were $1.41 for Q4 versus -$1.67 per share for the prior-year quarter.

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 83.7%, 160 basis points better than the prior-year quarter. Operating margin was 31.9%, much better than the prior-year quarter. Net margin was 22.6%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.16 billion. The average EPS estimate is $6.65.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 398 members out of 415 rating the stock outperform, and 17 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Noble Energy a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noble Energy is outperform, with an average price target of $120.75.

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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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