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It's Showtime for Cabot Oil & Gas

Monday - 4/22/2013, 2:00am  ET

Cabot Oil & Gas is expected to report Q1 earnings on April 24. 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 Cabot Oil & Gas's revenues will expand 36.6% and EPS will increase 78.6%.

The average estimate for revenue is $371.7 million. On the bottom line, the average EPS estimate is $0.25.

Revenue details
Last quarter, Cabot Oil & Gas tallied revenue of $369.9 million. GAAP reported sales were 38% higher than the prior-year quarter's $268.0 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 $0.27. GAAP EPS of $0.19 for Q4 were 58% higher than the prior-year quarter's $0.12 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 76.5%, 100 basis points better than the prior-year quarter. Operating margin was 33.0%, 630 basis points better than the prior-year quarter. Net margin was 11.0%, 120 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.75 billion. The average EPS estimate is $1.45.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cabot Oil & Gas is outperform, with an average price target of $56.33.

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This article was originally published as It's Showtime for Cabot Oil & Gason Fool.com

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