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Are You Expecting This from Concho Resources?

Monday - 4/29/2013, 2:00am  ET

Concho Resources is expected to report Q1 earnings on May 1. 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 Concho Resources's revenues will wither -0.6% and EPS will drop -22.9%.

The average estimate for revenue is $504.6 million. On the bottom line, the average EPS estimate is $0.81.

Revenue details
Last quarter, Concho Resources reported revenue of $477.5 million. GAAP reported sales were 34% higher than the prior-year quarter's $356.2 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 $0.96. GAAP EPS were $0.72 for Q4 versus -$0.81 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 80.7%, 250 basis points worse than the prior-year quarter. Operating margin was 38.8%, much better than the prior-year quarter. Net margin was 15.8%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.32 billion. The average EPS estimate is $4.39.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 238 members out of 257 rating the stock outperform, and 19 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Concho 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 Concho Resources is outperform, with an average price target of $110.22.

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This article was originally published as Are You Expecting This from Concho Resources?on Fool.com

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