Canadian Natural Resources Limited Earnings Preview: Can This Streak Finally End?

Canadian Natural Resources Limited (NYSE:CNQ) will report earnings after markets close on Thursday, May 2nd. Canadian Natural Resources Ltd. acquires, explores for, develops, and produces natural gas, crude oil, and related products. The Company operates in the Canadian provinces of Alberta, northeastern British Columbia and Saskatchewan. Canadian Natural also operates in areas which have access for exploration activities and where pipeline systems already exist.

Here is your Cheat Sheet to Canadian Natural Resources Limited Earnings:

Earnings Expectations: Analysts expect earnings of $0.46 per share on revenues of $9.13 billion. Currently, the company’s P/E ratio stands at 16.87.

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 $0.49 to a profit $0.44. For the current year, the average estimate is a profit of $2.08, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Canadian Natural Resources Limited has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 13,340 10,500 14,320 15,200 16,280
Diluted EPS ($) 3.803 1.384 1.530 2.352 1.729

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 ($) in millions 4,693 3,985 4,052 4,056 4,081
Diluted EPS ($) 0.7422 0.3914 0.6580 0.3365 0.3230

Past Performance:
Canadian Natural Resources Limited has missed analyst estimates 4 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] wallstcheatsheet.com)

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