Callon Petroleum Earnings: Your Sneak Peek to the Big Announcement

Callon Petroleum (NYSE:CPE) will report earnings after markets close on Thursday, May 9th. Callon Petroleum Company acquires, develops, and explores oil and gas properties. The Company’s properties are concentrated offshore in the Gulf of Mexico and onshore in Louisiana and Alabama.

Here is your Cheat Sheet to Callon Petroleum Earnings:

Earnings Expectations: Analysts expect earnings of $-0.03 per share on revenues of $23.13 million. Currently, the company’s P/E ratio stands at 50.14.

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 $0.02 to a loss $0.02. For the current year, the average estimate is a loss of $0.07, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Callon Petroleum has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 141.31 142.14 89.88 127.64 110.73
Diluted EPS ($) -20.68 2.45 0.28 2.76 0.07

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

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 31.81 29.29 25.36 27.40 28.68
Diluted EPS ($) 1.850 0.01 0.09 -0.03 -0.0109

Past Performance:
Callon Petroleum has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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