Newfield Exploration: Here’s What Investors Need to Know Before Earnings
Newfield Exploration (NYSE:NFX) will report earnings after markets close on Wednesday, July 24th. Newfield Exploration Company is an independent oil and gas company which explores, develops, and acquires oil and natural gas properties. The Company operates in the Gulf of Mexico, in the onshore United States Gulf Coast, within the North Sea, within Malaysia, and in the Bohai Bay in China.
Here is your Cheat Sheet to Newfield Exploration Earnings:
Earnings Expectations: Analysts expect earnings of $0.41 per share on revenues of $636.65 million.
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 $0.45 to a profit $0.41. For the current year, the average estimate is a profit of $1.72, which is worse than the estimate ninety days ago.
Here’s how Newfield Exploration has been performing on an annual basis:
|Revenue ($) in millions||2,225||1,338||1,883||2,471||2,567|
|Diluted EPS ($)||-2.88||-4.18||3.91||3.99||-8.80|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||628.00||615.00||646.00||651.00|
|Diluted EPS ($)||1.00||-0.24||-10.39||-0.06|
Newfield Exploration has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)