Evolution Petroleum (AMEX: EPM) is expected to report Q4 earnings around Sep. 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 Evolution Petroleum's revenues will increase 44.8% and EPS will expand 100.0%.
The average estimate for revenue is $4.6 million. On the bottom line, the average EPS estimate is $0.04.
Last quarter, Evolution Petroleum recorded revenue of $4.8 million. GAAP reported sales were much higher than the prior-year quarter's $2.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.04. GAAP EPS of $0.04 for Q3 were 300% higher than the prior-year quarter's $0.01 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 86.0%, 140 basis points better than the prior-year quarter. Operating margin was 46.9%, 3,710 basis points better than the prior-year quarter. Net margin was 30.3%, 2,190 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $18.0 million. The average EPS estimate is $0.17.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 223 members out of 232 rating the stock outperform, and nine members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Evolution Petroleum a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Evolution Petroleum is buy, with an average price target of $12.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.