SM Energy Earnings: Here’s Why Investors are Excited Now

SM Energy Company (NYSE:SM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.86%.

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SM Energy Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 70.83% to $0.82 in the quarter versus EPS of $0.48 in the year-earlier quarter.

Revenue: Rose 28.29% to $484.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: SM Energy Company reported adjusted EPS income of $0.82 per share. By that measure, the company beat the mean analyst estimate of $0.57. It beat the average revenue estimate of $455.53 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue increased 8.98% from $444.31 million in the previous quarter. EPS increased 82.22% from $0.45 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 $0.26 to a profit $0.55. For the current year, the average estimate has moved up from a profit of $1.58 to a profit of $2.53 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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