Legacy Reserves Lp
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Legacy Reserves Lp's revenues will grow 46.8% and EPS will expand 42.9%.
The average estimate for revenue is $116.2 million. On the bottom line, the average EPS estimate is $0.30.
Revenue details
Last quarter, Legacy Reserves Lp reported revenue of $108.9 million. GAAP reported sales were 18% higher than the prior-year quarter's $92.6 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 $0.19. GAAP EPS were -$0.12 for Q1 compared to $0.15 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 63.9%, 570 basis points worse than the prior-year quarter. Operating margin was 3.6%, 600 basis points worse than the prior-year quarter. Net margin was -6.2%, much worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $469.2 million. The average EPS estimate is $1.11.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 268 members out of 275 rating the stock outperform, and seven members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 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 outperform, with an average price target of $30.92.
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