Murphy Oil Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Murphy Oil (NYSE:MUR) will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. Murphy Oil is an oil and gas exploration and production company with refining and marketing operations in the U.S. and the United Kingdom.

Murphy Oil Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.31 per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.47. Between one and three months ago, the average estimate moved down. It also has dropped from $1.35 during the last month. Analysts are projecting profit to rise by 3.9% versus last year to $5.48.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the third quarter, it reported net income of $1.17 per share against a mean estimate of $1.20. Two quarters ago, it beat expectations by 19 cents with profit of $1.52.

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A Look Back: In the third quarter, profit fell 44.2% to $226.7 million ($1.16 a share) from $406.1 million ($2.09 a share) the year earlier, missing analyst expectations. Revenue fell 1.2% to $7.12 billion from $7.21 billion.

Here’s how Murphy Oil traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: