Laredo Petroleum Holdings (NYSE: LPI ) is expected to report Q1 earnings on May 9. 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 Laredo Petroleum Holdings's revenues will expand 13.1% and EPS will wither -47.8%.
The average estimate for revenue is $170.0 million. On the bottom line, the average EPS estimate is $0.12.
Last quarter, Laredo Petroleum Holdings logged revenue of $152.4 million. GAAP reported sales were 9.7% higher than the prior-year quarter's $139.0 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 $0.11. GAAP EPS of $0.09 for Q4 were 200% higher than the prior-year quarter's $0.03 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 80.4%, 340 basis points worse than the prior-year quarter. Operating margin was 27.3%, much better than the prior-year quarter. Net margin was 7.8%, 670 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $751.6 million. The average EPS estimate is $0.61.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 15 members out of 15 rating the stock outperform, and members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Laredo Petroleum Holdings 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 Laredo Petroleum Holdings is outperform, with an average price target of $26.11.
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