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Can Denbury Resources Beat These Numbers?

By Seth Jayson - Updated Apr 10, 2017 at 12:24PM

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Checking expectations

Denbury Resources (NYSE: DNR) is expected to report Q2 earnings on Aug. 6. 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 Denbury Resources's revenues will increase 6.3% and EPS will decrease -2.8%.

The average estimate for revenue is $639.5 million. On the bottom line, the average EPS estimate is $0.35.

Revenue details
Last quarter, Denbury Resources tallied revenue of $583.1 million. GAAP reported sales were 9.4% lower than the prior-year quarter's $640.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.33. GAAP EPS of $0.23 for Q1 were 21% lower than the prior-year quarter's $0.29 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
For the preceding quarter, gross margin was 75.1%, 240 basis points worse than the prior-year quarter. Operating margin was 38.2%, 90 basis points better than the prior-year quarter. Net margin was 15.1%, 260 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.49 billion. The average EPS estimate is $1.38.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,099 members out of 1,123 rating the stock outperform, and 24 members rating it underperform. Among 249 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 246 give Denbury Resources a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Denbury Resources is outperform, with an average price target of $22.86.

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Stocks Mentioned

Denbury Resources Inc. Stock Quote
Denbury Resources Inc.
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