The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Apache's revenues will shrink -6.3% and EPS will drop -24.4%.
The average estimate for revenue is $4.05 billion. On the bottom line, the average EPS estimate is $2.23.
Last quarter, Apache booked revenue of $3.97 billion. GAAP reported sales were 8.4% lower than the prior-year quarter's $4.28 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $2.07. GAAP EPS of $0.86 for Q2 were 73% lower than the prior-year quarter's $3.17 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 81.5%, 270 basis points worse than the prior-year quarter. Operating margin was 38.6%, 1,230 basis points worse than the prior-year quarter. Net margin was 9.1%, 2,030 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $16.91 billion. The average EPS estimate is $9.76.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,061 members out of 2,119 rating the stock outperform, and 58 members rating it underperform. Among 401 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 392 give Apache 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 Apache is outperform, with an average price target of $122.79.
Is Apache the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Apache to My Watchlist.
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 owns shares of Apache. 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.
More from The Motley Fool
3 Incredibly Cheap Oil and Gas Stocks
The entire industry was hit hard by the stock market. But these 3 could be ripe for a turnaround.
Here's Where Things Went Wrong for Apache Corp. in 2017
The company was poised to outperform, but Mother Nature had other plans.
This Decision Sent Apache Corporation's Stock Slumping Nearly Double Digits in October
Investors didn’t like to see that the oil giant plans go against the grain next year.