This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Top 5 Must-Follow Earnings for Monday

Stocks in this article: VVUSSTXAPCFSTMAS

FST Chart FST data by YCharts

Forest Oil (FST)

Who They Are: Forest Oil is engaged in the acquisition, exploration, development, production and marketing of natural gas and crude oil in North America. Forest Oil trades an average of 6.6 million shares per day with a marketcap of $825 million.

Forest is forecast to report weak second-quarter earnings after the market closes on July 30. The consensus estimate is currently 6 cents a share, a slumping 30 cents (83.3%) from 36 cents during the same period last year.

Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. Right now, Forest has six buy recommendations out of 16 analysts covering the company, along with nine holds, while one recommends selling.

Analysts have walked further away as the shares have moved lower. Five out of 16 analysts now rate Forest a strong buy down from nine analysts a month ago. Shareholders have not been rewarded for their patience, shares have fallen 73.5% in the last year, and the average analyst target price for Forest is $13.14.

April 30 was the last earnings release with a closing price of $13.32. Relative to a current price of $6.53, shares are down 49.8%.

For the same fiscal period year-over-year, revenue has declined slightly to $704.56 million last fiscal year compared to $708.68 million in the previous year. The bottom line has falling earnings year-over-year of $137.84 million last fiscal year compared to $227.52 million in the previous year.

The short interest is relatively high at 14% and could turn into the fuel for a short squeeze if Forest can deliver. It's hard to handicap this stock, and the best thing I know about it is I talked a friend out of it a while ago, saving him some money.

Forest missed earnings three in the last four quarters, the average miss was 6 cents, and the one surprise beat was for 0.05 cents (16.13%) per share.

4 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs