Newfield Exploration
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Newfield Exploration's revenues will compress -6.4% and EPS will wane -55.8%.
The average estimate for revenue is $633.4 million. On the bottom line, the average EPS estimate is $0.42.
Revenue details
Last quarter, Newfield Exploration reported revenue of $615.0 million. GAAP reported sales were 2.1% lower than the prior-year quarter's $628.0 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 $0.48. GAAP EPS were -$0.24 for Q3 compared to $1.99 per share for the prior-year quarter.
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 66.3%, 30 basis points worse than the prior-year quarter. Operating margin was 1.3%, 6,880 basis points worse than the prior-year quarter. Net margin was -5.4%, 4,820 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $2.61 billion. The average EPS estimate is $2.41.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 312 members out of 333 rating the stock outperform, and 21 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give Newfield Exploration a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Newfield Exploration is outperform, with an average price target of $42.26.
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