Gran Tierra Energy (AMEX: GTE) is expected to report Q2 earnings around Aug. 7. 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 Gran Tierra Energy's revenues will drop 12.7% and EPS will shrink 0.0%.
The average estimate for revenue is $141.6 million. On the bottom line, the average EPS estimate is $0.12.
Revenue details
Last quarter, Gran Tierra Energy booked revenue of $156.0 million. GAAP reported sales were 27% higher than the prior-year quarter's $122.3 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 $0.00. GAAP EPS contracted to zero from the prior-year quarter's $0.05.
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 84.2%, 240 basis points worse than the prior-year quarter. Operating margin was 48.1%, 400 basis points better than the prior-year quarter. Net margin was -0.2%, 1,140 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $638.9 million. The average EPS estimate is $0.34.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 354 members out of 377 rating the stock outperform, and 23 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Gran Tierra Energy a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gran Tierra Energy is outperform, with an average price target of $8.39.
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