Apache (NYSE: APA ) is expected to report Q1 earnings on May 9. 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 Apache's revenues will wane -5.1% and EPS will wither -26.7%.
The average estimate for revenue is $4.31 billion. On the bottom line, the average EPS estimate is $2.20.
Revenue details
Last quarter, Apache reported revenue of $4.39 billion. GAAP reported sales were 1.6% higher than the prior-year quarter's $4.24 billion.
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 $2.27. GAAP EPS of $1.59 for Q4 were 46% lower than the prior-year quarter's $2.97 per share.
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 81.4%, 250 basis points worse than the prior-year quarter. Operating margin was 39.2%, 890 basis points worse than the prior-year quarter. Net margin was 15.5%, much worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $17.71 billion. The average EPS estimate is $9.07.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,131 members out of 2,190 rating the stock outperform, and 59 members rating it underperform. Among 393 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 382 give Apache a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Apache is outperform, with an average price target of $108.09.
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