Pioneer Natural Resources (NYSE: PXD ) is expected to report Q2 earnings on July 31. 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 Pioneer Natural Resources's revenues will compress -3.3% and EPS will expand 44.9%.
The average estimate for revenue is $894.6 million. On the bottom line, the average EPS estimate is $1.13.
Last quarter, Pioneer Natural Resources booked revenue of $831.6 million. GAAP reported sales were 7.6% higher than the prior-year quarter's $725.5 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 $1.02. GAAP EPS of $0.75 for Q1 were 55% lower than the prior-year quarter's $1.68 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 71.2%, 350 basis points worse than the prior-year quarter. Operating margin was 24.4%, much worse than the prior-year quarter. Net margin was 12.9%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $3.66 billion. The average EPS estimate is $4.84.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 286 members out of 312 rating the stock outperform, and 26 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Pioneer Natural Resources a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pioneer Natural Resources is outperform, with an average price target of $137.11.
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