Noranda Aluminum Holding (NYSE: NOR) is expected to report Q3 earnings on Oct. 24. 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 Noranda Aluminum Holding's revenues will decrease -18.6% and EPS will shrink to a loss.
The average estimate for revenue is $325.8 million. On the bottom line, the average EPS estimate is -$0.21.
Revenue details
Last quarter, Noranda Aluminum Holding reported revenue of $371.7 million. GAAP reported sales were 13% lower than the prior-year quarter's $426.3 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, non-GAAP EPS came in at $0.11. GAAP EPS of $0.36 for Q2 were 48% lower than the prior-year quarter's $0.69 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 10.7%, 650 basis points worse than the prior-year quarter. Operating margin was 6.7%, 560 basis points worse than the prior-year quarter. Net margin was 6.8%, 430 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $1.38 billion. The average EPS estimate is $0.16.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 30 members out of 32 rating the stock outperform, and two members rating it underperform. Among eight CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Noranda Aluminum Holding a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noranda Aluminum Holding is outperform, with an average price target of $13.44.
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