What Does Wall Street See for Genesis Energy's Q2?

Genesis Energy (NYSE: GEL  ) is expected to report Q2 earnings around July 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 Genesis Energy's revenues will grow 30.3% and EPS will grow 52.2%.

The average estimate for revenue is $1.20 billion. On the bottom line, the average EPS estimate is $0.35.

Revenue details
Last quarter, Genesis Energy chalked up revenue of $1.15 billion. GAAP reported sales were 19% higher than the prior-year quarter's $960.7 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, EPS came in at $0.28. GAAP EPS of $0.28 for Q1 were 3.7% higher than the prior-year quarter's $0.27 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 5.0%, 30 basis points worse than the prior-year quarter. Operating margin was 2.6%, 20 basis points worse than the prior-year quarter. Net margin was 2.0%, much about the same as the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.96 billion. The average EPS estimate is $1.46.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 258 members out of 267 rating the stock outperform, and nine members rating it underperform. Among 81 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Genesis Energy a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Genesis Energy is outperform, with an average price target of $47.27.

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