S&P 500 (NYSE:SPY) component EOG Resources (NYSE:EOG) will unveil its latest earnings on Monday, November 5, 2012. EOG Resources develops and produces natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad, Tobago, and the United Kingdom.
EOG Resources Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.07 per share, a rise of 28.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 94 cents. Between one and three months ago, the average estimate moved up. It has risen from $1.05 during the last month. Analysts are projecting profit to rise by 24.3% compared to last year’s $4.71.
Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at net income of $1.16 per share against a mean estimate of profit of 92 cents. The company fell in line with estimates in the first quarter.
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A Look Back: In the second quarter, profit rose 33.9% to $395.8 million ($1.47 a share) from $295.6 million ($1.10 a share) the year earlier, exceeding analyst expectations. Revenue rose 13.2% to $2.91 billion from $2.57 billion.
Stock Price Performance: Between August 6, 2012 and October 30, 2012, the stock price rose $8.35 (7.9%), from $105.74 to $114.09. The stock price saw one of its best stretches over the last year between April 20, 2012 and May 1, 2012, when shares rose for eight straight days, increasing 8% (+$8.20) over that span. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 9.6% (-$10.20) over that span.
Wall St. Revenue Expectations: On average, analysts predict $2.76 billion in revenue this quarter, a decline of 4.5% from the year-ago quarter. Analysts are forecasting total revenue of $11.29 billion for the year, a rise of 11.5% from last year’s revenue of $10.13 billion.
The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 49.6% over the last four quarters.
Analyst Ratings: With 18 analysts rating the stock a buy, none rating it a sell and six rating the stock a hold, there are indications of a bullish stance by analysts.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.1 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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