Whiting Petroleum Earnings Preview: Get Ahead of the Analysts

Whiting Petroleum (NYSE:WLL) will report earnings after markets close on Wednesday, April 24th. Whiting Petroleum Corporation is involved in oil and natural gas exploitation, acquisition, and exploration activities. The Company focuses on lower risk, long-lived oil and natural gas properties located primarily in the Gulf Coast/Permian Basin, Rocky Mountains, Michigan, and Mid-Continent regions of the United States.

Here is your Cheat Sheet to Whiting Petroleum Earnings:

Earnings Expectations: Analysts expect earnings of $0.88 per share on revenues of $588.06 million. Currently, the company’s P/E ratio stands at 12.81.

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 $0.86 to a profit $0.91. For the current year, the average estimate is a profit of $3.81, which is better than the estimate ninety days ago.

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Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,222 979.36 1,516 1,900 2,173
Diluted EPS ($) 2.97 -1.18 2.55 4.14 3.48

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 ($) in millions 498.64 563.71 502.17 530.48 577.09
Diluted EPS ($) 0.53 0.83 1.27 0.70 0.68

Past Performance:
Whiting Petroleum 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)