W&T Offshore (NYSE: WTI ) is expected to report Q1 earnings on May 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 W&T Offshore's revenues will grow 2.4% and EPS will contract -27.5%.
The average estimate for revenue is $241.5 million. On the bottom line, the average EPS estimate is $0.29.
Last quarter, W&T Offshore booked revenue of $237.1 million. GAAP reported sales were 9.5% lower than the prior-year quarter's $261.9 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 $0.26. GAAP EPS of $0.23 for Q4 were 62% lower than the prior-year quarter's $0.61 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 71.6%, 300 basis points worse than the prior-year quarter. Operating margin was 19.9%, much worse than the prior-year quarter. Net margin was 7.0%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $933.7 million. The average EPS estimate is $1.13.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on W&T Offshore is hold, with an average price target of $22.38.
Is W&T Offshore 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 W&T Offshore to My Watchlist.