Helmerich & Payne (NYSE: HP ) is expected to report Q3 earnings on July 26. 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 Helmerich & Payne's revenues will expand 3.1% and EPS will compress -2.2%.
The average estimate for revenue is $845.0 million. On the bottom line, the average EPS estimate is $1.34.
Last quarter, Helmerich & Payne tallied revenue of $838.3 million. GAAP reported sales were 8.9% higher than the prior-year quarter's $770.0 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 $1.36. GAAP EPS of $1.39 for Q2 were 18% higher than the prior-year quarter's $1.18 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 44.9%, 310 basis points better than the prior-year quarter. Operating margin was 27.2%, 130 basis points better than the prior-year quarter. Net margin was 18.0%, 120 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $3.38 billion. The average EPS estimate is $5.47.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,030 members out of 1,105 rating the stock outperform, and 75 members rating it underperform. Among 206 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 194 give Helmerich & Payne a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Helmerich & Payne is outperform, with an average price target of $70.81.
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