Range Resources
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Range Resources's revenues will grow 34.2% and EPS will contract -15.2%.
The average estimate for revenue is $402.5 million. On the bottom line, the average EPS estimate is $0.28.
Revenue details
Last quarter, Range Resources tallied revenue of $294.9 million. GAAP reported sales were 9.9% higher than the prior-year quarter's $305.3 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 $0.20. GAAP EPS were -$0.34 for Q3 against $0.21 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 73.2%, 400 basis points worse than the prior-year quarter. Operating margin was -11.6%, 4,120 basis points worse than the prior-year quarter. Net margin was -16.0%, 2,740 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $1.37 billion. The average EPS estimate is $0.70.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 544 members out of 595 rating the stock outperform, and 51 members rating it underperform. Among 172 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 150 give Range Resources a green thumbs-up, and 22 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Range Resources is outperform, with an average price target of $73.47.
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