Talisman Energy Earnings Preview: Can This Streak Finally End?

Talisman Energy (NYSE:TLM) will report earnings before markets open on Wednesday, May 1st. Talisman Energy Inc. is an independent oil and gas producer. The Company has operations in North America, the North Sea, and Indonesia. Talisman is also conducting exploration in Southeast Asia, Algeria, Qatar, Colombia and Trinidad.

Here is your Cheat Sheet to Talisman Energy Earnings:

Earnings Expectations: Analysts expect earnings of $0.03 per share on revenues of $1.47 billion. Currently, the company’s P/E ratio stands at 1,162.00.

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 $0.11 to a profit $0.04. For the current year, the average estimate is a profit of $0.28, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Talisman Energy has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 7,689 5,788 6,982 8,272 7,312
Diluted EPS ($) 2.794 0.4107 0.93 0.38 0.01

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 ($) in millions 2,082 2,115 1,869 1,722 1,606
Diluted EPS ($) -0.1147 0.25 0.14 -0.71 0.3650

Past Performance:
Talisman Energy has missed analyst estimates 4 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)