Cimarex Energy: Here’s What Investors Need to Know Before Earnings
Cimarex Energy (NYSE:XEC) will report earnings before markets open on Tuesday, May 7th. Cimarex Energy Co. explores for and produces crude oil and natural gas in the United States. The Company conducts activities primarily in Oklahoma, Kansas, Louisiana, and Texas.
Here is your Cheat Sheet to Cimarex Energy Earnings:
Earnings Expectations: Analysts expect earnings of $1.08 per share on revenues of $429.00 million. Currently, the company’s P/E ratio stands at 17.63.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.11 to a profit $1.18. For the current year, the average estimate is a profit of $4.94, which is better than the estimate ninety days ago.
Here’s how Cimarex Energy has been performing on an annual basis:
|Revenue ($) in millions||1,970||1,010||1,614||1,758||1,624|
|Diluted EPS ($)||-11.22||-3.82||6.70||6.15||4.07|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||430.27||423.04||353.12||406.91||440.87|
|Diluted EPS ($)||1.499||1.23||0.74||0.97||1.250|
Cimarex Energy has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)