Please ensure Javascript is enabled for purposes of website accessibility

What to Expect from Legacy Reserves Lp

By Seth Jayson - Updated Apr 10, 2017 at 1:50PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Checking expectations

Legacy Reserves Lp (Nasdaq: LGCY) is expected to report Q1 earnings around April 20. 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 Legacy Reserves Lp's revenues will grow 19.2% and EPS will decrease -49.1%.

The average estimate for revenue is $110.4 million. On the bottom line, the average EPS estimate is $0.28.

Revenue details
Last quarter, Legacy Reserves Lp booked revenue of $90.5 million. GAAP reported sales were 4.1% higher than the prior-year quarter's $86.9 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 $0.22. GAAP EPS were $0.03 for Q4 against -$1.29 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 62.3%, 520 basis points worse than the prior-year quarter. Operating margin was 9.6%, much better than the prior-year quarter. Net margin was 2.1%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $462.0 million. The average EPS estimate is $1.33.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 273 members out of 280 rating the stock outperform, and seven members rating it underperform. Among 83 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give Legacy Reserves Lp a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Legacy Reserves Lp is buy, with an average price target of $32.44.

Is Legacy Reserves Lp 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.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Legacy Reserves Inc. Stock Quote
Legacy Reserves Inc.

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/27/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.