Murphy Oil Earnings: Here’s Why the Stock is Up Now

Murphy Oil Corporation (NYSE:MUR) 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 0.29%.

Murphy Oil Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 15.13% to $1.75 in the quarter versus EPS of $1.52 in the year-earlier quarter.

Revenue: Rose 0.38% to $7.22 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Murphy Oil Corporation reported adjusted EPS income of $1.75 per share. By that measure, the company beat the mean analyst estimate of $1.54. It missed the average revenue estimate of $7.27 billion.

Key Stats (on next page)…

EPS increased 62.04% from $1.08 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 $1.45 to a profit $1.43. For the current year, the average estimate has moved up from a profit of $5.33 to a profit of $5.55 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)