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Panhandle Oil and Gas' Upcoming Earnings: What You Need to Know

By Seth Jayson - Updated Apr 7, 2017 at 2:18PM

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Checking expectations.

Panhandle Oil and Gas (NYSE: PHX) is expected to report Q3 earnings around Aug. 6. 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 Panhandle Oil and Gas' revenue will decrease 20.0%.

The average estimate for revenue is $9.3 million. On the bottom line, the average EPS estimate is $0.03.

Revenue details
Last quarter, Panhandle Oil and Gas booked revenue of $10.4 million. GAAP reported sales were 11% lower than the prior-year quarter's $10.9 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, EPS came in at $0.08. GAAP EPS of $0.08 for Q2 were 62% lower than the prior-year quarter's $0.21 per share.

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 75.4%, 170 basis points worse than the prior-year quarter. Operating margin was 11.5%, 880 basis points worse than the prior-year quarter. Net margin was 6.9%, 930 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $42.5 million. The average EPS estimate is $0.66.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 228 members out of 234 rating the stock outperform, and six members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Panhandle Oil and Gas a green thumbs-up, and one gives it a red thumbs-down.

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Stocks Mentioned

Panhandle Oil and Gas Inc. Stock Quote
Panhandle Oil and Gas Inc.
PHX
$2.47 (6.93%) $0.16

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