EOG Resources Earnings: Here’s Why the Stock is Rising Now

EOG Resources, Inc. (NYSE:EOG) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.34%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

EOG Resources, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 0% to $1.17 in the quarter versus EPS of $1.17 in the year-earlier quarter.

Revenue: Rose 19.59% to $3.36 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: EOG Resources, Inc. reported adjusted EPS income of $1.17 per share. By that measure, the company missed the mean analyst estimate of $1.17. It beat the average revenue estimate of $3.04 billion.

Quoting Management: “During the first quarter, EOG met its goal of again delivering strong financial performance and highly competitive overall returns,” said Mark G. Papa, Chairman and Chief Executive Officer.

Key Stats (on next page)…

Revenue increased 11.44% from $3.01 billion in the previous quarter. EPS decreased 27.33% from $1.61 in the previous quarter.

Looking Forward: 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 $1.42 to a profit $1.34. For the current year, the average estimate has moved down from a profit of $6.32 to a profit of $5.96 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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

More Articles About:   , , , , ,  

More from The Cheat Sheet