The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Ultra Petroleum's revenues will increase 37.9% and EPS will expand 16.7%.
The average estimate for revenue is $234.8 million. On the bottom line, the average EPS estimate is $0.42.
Last quarter, Ultra Petroleum recorded revenue of $225.6 million. GAAP reported sales were 0.2% lower than the prior-year quarter's $226.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.38. GAAP EPS of $0.11 for Q1 were 80% lower than the prior-year quarter's $0.55 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 67.8%, 130 basis points better than the prior-year quarter. Operating margin was 18.1%, much worse than the prior-year quarter. Net margin was 7.3%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $942.9 million. The average EPS estimate is $1.65.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,522 members out of 1,577 rating the stock outperform, and 55 members rating it underperform. Among 300 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 290 give Ultra Petroleum a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ultra Petroleum is hold, with an average price target of $21.55.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Ultra Petroleum. The Motley Fool owns shares of Ultra Petroleum and has the following options: long January 2014 $30 calls on Ultra Petroleum, long January 2014 $40 calls on Ultra Petroleum, and long January 2014 $50 calls on Ultra Petroleum. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.