Range Resources
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Range Resources's revenues will wither -5.0% and EPS will increase 190.9%.
The average estimate for revenue is $420.1 million. On the bottom line, the average EPS estimate is $0.32.
Revenue details
Last quarter, Range Resources booked revenue of $398.2 million. GAAP reported sales were 30% higher than the prior-year quarter's $322.2 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 $0.33. GAAP EPS were -$0.47 for Q1 compared to -$0.26 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 69.9%, 420 basis points better than the prior-year quarter. Operating margin was -10.8%, 400 basis points worse than the prior-year quarter. Net margin was -18.0%, 500 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $1.72 billion. The average EPS estimate is $1.48.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 535 members out of 583 rating the stock outperform, and 48 members rating it underperform. Among 153 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 135 give Range Resources a green thumbs-up, and 18 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 $79.78.
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