What to Expect from Continental Resources

Continental Resources (NYS: CLR) is expected to report Q1 earnings on May 8. 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 Continental Resources's revenues will expand 42.9% and EPS will grow 48.7%.

The average estimate for revenue is $772.3 million. On the bottom line, the average EPS estimate is $1.13.


Revenue details
Last quarter, Continental Resources notched revenue of $679.3 million. GAAP reported sales were 31% higher than the prior-year quarter's $516.7 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 $1.04. GAAP EPS were $1.20 for Q4 against -$0.62 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 80.8%, 150 basis points worse than the prior-year quarter. Operating margin was 43.7%, much better than the prior-year quarter. Net margin was 32.5%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.50 billion. The average EPS estimate is $5.11.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 704 members out of 735 rating the stock outperform, and 31 members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 98 give Continental Resources a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Continental Resources is outperform, with an average price target of $97.67.

Is Continental Resources the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.

The article What to Expect from Continental Resources originally appeared on Fool.com.

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 has no position in any of the stocks mentioned. 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Behavioral Finance

Why do investors make the decisions that they do?

View Course »

Investing in Real Estate

Learn the basics of investing in real estate.

View Course »

Add a Comment

*0 / 3000 Character Maximum