Harvest Natural Resources Earnings: Everything You Must Know Now
Harvest Natural Resources Inc. (NYSE:HNR) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Harvest Natural Resources Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.12 in the quarter versus EPS of $0.29 in the year-earlier quarter.
Revenue: Decreased 0% to $209.48 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Harvest Natural Resources Inc. reported adjusted EPS loss of $0.12 per share. By that measure, the company missed the mean analyst estimate of $0.03. It beat the average revenue estimate of $0.
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS decreased to $-0.12 in the quarter versus EPS of $0.91 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 $0.13 to a loss $0. For the current year, the average estimate has moved up from a profit of $0.49 to a profit of $0.74 over the last ninety days.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)