Contango Oil & Gas (AMEX: MCF) is expected to report Q1 earnings around Nov. 9. 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 Contango Oil & Gas's revenues will decrease -7.9% and EPS will contract -18.9%.
The average estimate for revenue is $40.7 million. On the bottom line, the average EPS estimate is $0.77.
Last quarter, Contango Oil & Gas notched revenue of $39.8 million. GAAP reported sales were 19% lower than the prior-year quarter's $44.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.62. GAAP EPS of $0.61 for Q4 were 45% lower than the prior-year quarter's $1.11 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 93.1%, 480 basis points better than the prior-year quarter. Operating margin was 43.6%, 1,780 basis points worse than the prior-year quarter. Net margin was 26.1%, 1,380 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $172.6 million. The average EPS estimate is $3.51.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 517 members out of 533 rating the stock outperform, and 16 members rating it underperform. Among 126 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Contango Oil & Gas a green thumbs-up, and four give it a red thumbs-down.
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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.