Halcon Resources (NYSE: HK) is expected to report Q2 earnings on Aug. 2. 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 Halcon Resources' revenues will compress -14.2% and EPS will shrink to a loss.
The average estimate for revenue is $24.1 million. On the bottom line, the average EPS estimate is -$0.01.
Revenue details
Last quarter, Halcon Resources chalked up revenue of $26.8 million. GAAP reported sales were 4.3% higher than the prior-year quarter's $25.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at -$0.04. GAAP EPS were -$0.50 for Q1 against -$0.38 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 61.9%, 10 basis points worse than the prior-year quarter. Operating margin was -54.4%, 2,150 basis points worse than the prior-year quarter. Net margin was -124.0%, 8,550 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $223.2 million. The average EPS estimate is -$0.02.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 269 members out of 285 rating the stock outperform, and 16 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Halcón Resources a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Halcon Resources is buy, with an average price target of $13.75.
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