The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Noble Energy's revenues will grow 14.9% and EPS will wither -4.2%.
The average estimate for revenue is $1.13 billion. On the bottom line, the average EPS estimate is $1.13.
Last quarter, Noble Energy booked revenue of $1.01 billion. GAAP reported sales were 15% higher than the prior-year quarter's $829.0 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 $0.93. GAAP EPS of $1.23 for Q3 were 48% lower than the prior-year quarter's $2.38 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 83.5%, 60 basis points better than the prior-year quarter. Operating margin was 11.2%, 6,680 basis points worse than the prior-year quarter. Net margin was 23.1%, 3,010 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $4.27 billion. The average EPS estimate is $4.54.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 390 members out of 406 rating the stock outperform, and 16 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give Noble Energy a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noble Energy is outperform, with an average price target of $114.07.
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