EOG Resources Earnings Preview: Can This Streak Continue?

EOG Resources (NYSE:EOG) will report earnings before markets open on Tuesday, May 7th. EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil. The Company operates in major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, China and, from time to time, select other international areas.

Here is your Cheat Sheet to Eog Resources Earnings:

Earnings Expectations: Analysts expect earnings of $1.17 per share on revenues of $3.03 billion. Currently, the company’s P/E ratio stands at 56.32.

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 $1.42 to a profit $1.34. For the current year, the average estimate is a profit of $5.94, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Eog Resources has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 7,127 4,787 6,100 10,130 11,680
Diluted EPS ($) 9.72 2.17 0.63 4.10 2.11

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 ($) in millions 2,773 2,807 2,909 2,955 3,012
Diluted EPS ($) 0.4481 1.20 1.47 1.31 -1.878

Past Performance:
Eog Resources has beat analyst estimates 4 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)