Cabot Oil & Gas Earnings Preview: Get Ahead of the Analysts

Cabot Oil & Gas (NYSE:COG) will report earnings after markets close on Wednesday, July 24th. Cabot Oil & Gas Corporation is an independent oil and gas company that develops, exploits, and explores oil and gas properties located in North America. The Company holds interests Appalachian Basin, onshore Gulf Coast, including south and east Texas and north Louisiana, the Rocky Mountains and the Anadarko Basin as well as in the deep gas basin of Western Canada.

Here is your Cheat Sheet to Cabot Oil & Gas Earnings:

Earnings Expectations: Analysts expect earnings of $0.37 per share on revenues of $423.03 million. Currently, the company’s P/E ratio stands at 95.47.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.41 to a profit $0.4. For the current year, the average estimate is a profit of $1.49, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Cabot Oil & Gas has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 946 879 844 980 1,205
Diluted EPS ($) 1.05 0.71 0.50 0.59 0.63

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 265.66 296.87 369.88 373.29
Diluted EPS ($) 0.17 0.17 0.19 0.20

Past Performance:
Cabot Oil & Gas has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)