Ultra Petroleum Earnings: What Investors Should Watch

Ultra Petroleum (NYSE:UPL) will report earnings before markets open on Friday, May 3rd. Ultra Petroleum Corp. is a natural gas exploration and production company focused on the Green River Basin of Wyoming in the United States. The Company also explores for oil and gas in China.

Here is your Cheat Sheet to Ultra Petroleum Earnings:

Earnings Expectations: Analysts expect earnings of $0.27 per share on revenues of $211.45 million.

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 $0.18 to a profit $0.37. For the current year, the average estimate is a profit of $1.54, which is better than the estimate ninety days ago.

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Earnings Trends:

Here’s how Ultra Petroleum has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,084 666.76 979.39 1,102 809.97
Diluted EPS ($) 2.65 -2.98 3.01 2.94 -14.24

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 ($) in millions 270.80 226.14 170.27 196.38 217.18
Diluted EPS ($) 0.8555 0.55 -7.76 -3.94 -3.087

Past Performance:
Ultra Petroleum has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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