The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Continental Resources's revenues will grow 27.1% and EPS will expand 4.8%.
The average estimate for revenue is $656.8 million. On the bottom line, the average EPS estimate is $0.87.
Last quarter, Continental Resources chalked up revenue of $642.0 million. GAAP reported sales were 49% higher than the prior-year quarter's $431.6 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 $0.87. GAAP EPS of $0.24 for Q3 were 90% lower than the prior-year quarter's $2.44 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 80.6%, 40 basis points worse than the prior-year quarter. Operating margin was 16.8%, 15,210 basis points worse than the prior-year quarter. Net margin was 6.9%, 9,480 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.41 billion. The average EPS estimate is $3.23.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 705 members out of 738 rating the stock outperform, and 33 members rating it underperform. Among 129 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 120 give Continental Resources 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 Continental Resources is outperform, with an average price target of $88.03.
Is Continental Resources 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 Continental Resources 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 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.
More from The Motley Fool
Why These 5 Oil Companies Fell More Than 10% in May
These oil industry heavyweights took a beating on the stock market last month. What's their outlook now?
Potential Winners and Losers From Trump's Paris Climate Accord Exit
If the U.S. does indeed exit the landmark climate agreement, the ripple effects could include a surge in oil production, sending oil prices even lower.
$60 Oil May Be a Producer Pipe Dream
Saudi Arabia and several other OPEC members want oil prices to rise to $60 a barrel. But surging U.S. production will probably prevent them from achieving that goal.