Contango Oil & Gas (AMEX: MCF) is expected to report Q2 earnings around Feb. 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 shrink -28.8% and EPS will wane -67.2%.
The average estimate for revenue is $38.4 million. On the bottom line, the average EPS estimate is $0.42.
Last quarter, Contango Oil & Gas tallied revenue of $29.8 million. GAAP reported sales were 33% lower than the prior-year quarter's $44.2 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 -$1.80. GAAP EPS were -$1.80 for Q1 versus $0.95 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 78.3%, 840 basis points worse than the prior-year quarter. Operating margin was -141.9%, 19,870 basis points worse than the prior-year quarter. Net margin was -92.6%, 12,630 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $155.5 million. The average EPS estimate is $0.79.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 507 members out of 523 rating the stock outperform, and 16 members rating it underperform. Among 140 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 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 position in any of the stocks mentioned. 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.