Hess Earnings: Here’s Why Investors are Happy Now

Hess Corporation (NYSE:HES) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.45%.

Hess Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 12.21% to $1.51 in the quarter versus EPS of $1.72 in the year-earlier quarter.

Revenue: Decreased 67.65% to $3.01 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Hess Corporation reported adjusted EPS income of $1.51 per share. By that measure, the company beat the mean analyst estimate of $1.41. It missed the average revenue estimate of $4.62 billion.

Key Stats (on next page)…

EPS decreased 22.56% from $1.95 in the previous quarter.

Looking Forward: 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 $1.44 to a profit $1.48. For the current year, the average estimate has moved up from a profit of $6.29 to a profit of $6.43 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