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It's Showtime for McMoRan Exploration

By Seth Jayson - Updated Apr 10, 2017 at 1:48PM

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Checking expectations

McMoRan Exploration (NYSE: MMR) is expected to report Q1 earnings around April 24. 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 McMoRan Exploration's revenues will wither -38.0% and EPS will remain in the red.

The average estimate for revenue is $68.6 million. On the bottom line, the average EPS estimate is -$0.13.

Revenue details
Last quarter, McMoRan Exploration chalked up revenue of $84.2 million. GAAP reported sales were 31% lower than the prior-year quarter's $121.9 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 -$0.03. GAAP EPS were -$0.01 for Q4 versus $0.16 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 56.7%, 620 basis points worse than the prior-year quarter. Operating margin was -34.4%, much worse than the prior-year quarter. Net margin was 10.8%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $337.5 million. The average EPS estimate is -$0.51.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 493 members out of 514 rating the stock outperform, and 21 members rating it underperform. Among 115 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 110 give McMoRan Exploration a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on McMoRan Exploration is outperform, with an average price target of $16.07.

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