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.

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 $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.

Earnings Trends:

Here’s how Newfield Exploration has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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]