QEP Resources Earnings Preview: Get Ahead of the Analysts

QEP Resources (NYSE:QEP) will report earnings after markets close on Tuesday, April 30th. QEP Resources Inc. is an independent natural gas and oil exploration and production company. The Company’s operations are focused in the Rocky Mountain and Midcontinent regions of the United States. QEP also gathers, compresses, treats, and processes natural gas.

Here is your Cheat Sheet to Qep Resources Earnings:

Earnings Expectations: Analysts expect earnings of $0.31 per share on revenues of $704.11 million. Currently, the company’s P/E ratio stands at 38.90.

Analyst Trends:

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 $0.31 to a profit $0.35. For the current year, the average estimate is a profit of $1.52, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Qep Resources has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,530 1,972 2,301 3,159 2,350
Diluted EPS ($) 1.67 1.84 1.50 0.72

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 853.30 603.20 499.30 542.40 704.90
Diluted EPS ($) -0.0017 0.87 0.00 -0.02 -0.1295

Past Performance:
Qep Resources 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)