QR Energy (NYSE: QRE ) is expected to report Q1 earnings on May 8. 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 increase 66.3% and EPS will wither -75.0%.
The average estimate for revenue is $109.4 million. On the bottom line, the average EPS estimate is $0.26.
Last quarter, QR Energy reported revenue of $97.4 million. GAAP reported sales were 8.2% higher than the prior-year quarter's $165.4 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 $2.21. GAAP EPS were -$0.20 for Q4 versus -$1.30 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 60.6%, 110 basis points better than the prior-year quarter. Operating margin was 28.1%, much better than the prior-year quarter. Net margin was 18.4%, much better than the prior-year quarter.
The full year's average estimate for revenue is $482.2 million. The average EPS estimate is $1.20.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 103 members out of 107 rating the stock outperform, and four members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 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 $21.05.
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