An Earnings Beat: Exploration and production company, Encana Corporation announced operating earnings per share of 12 cents, surpassing the Zacks Consensus Estimate of earnings of 10 cents.
Revenue Surpassed Estimates: Total revenues came in at $1,210 million, which outperformed the Zacks Consensus Estimate of $1,016 million.
Key Stats: Quarterly natural gas production declined approximately 14% year over year to 1,096 million cubic feet per day, while liquids production rose 40% year over year to 152.6 thousand barrels per day.
Encana's realized natural gas price were $2.34 per thousand cubic feet, compared with the year-ago quarter level of $2.35. Meanwhile, realized liquids price rose to $46.52 per barrel from $42.96 in the fourth quarter of 2016.
Estimate Revision Trend: Investors should note that the earnings estimate revisions for Encana was revised downwards by 1 cent in the last 30 days. The Zacks Consensus Estimate remained the same over the last 7 days.
Zacks Rank & Surprise History: Currently, Encana carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Coming to earnings surprise history, the company has an impressive record: the company has surpassed estimates in each of the last four quarters with an average beat of 8.05%
Check back later for our full write up on this Encana earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Image: Bigstock
Encana (ECA) Beats Earnings and Revenue Estimates in Q4
An Earnings Beat: Exploration and production company, Encana Corporation announced operating earnings per share of 12 cents, surpassing the Zacks Consensus Estimate of earnings of 10 cents.
Revenue Surpassed Estimates: Total revenues came in at $1,210 million, which outperformed the Zacks Consensus Estimate of $1,016 million.
Key Stats: Quarterly natural gas production declined approximately 14% year over year to 1,096 million cubic feet per day, while liquids production rose 40% year over year to 152.6 thousand barrels per day.
Encana's realized natural gas price were $2.34 per thousand cubic feet, compared with the year-ago quarter level of $2.35. Meanwhile, realized liquids price rose to $46.52 per barrel from $42.96 in the fourth quarter of 2016.
Estimate Revision Trend: Investors should note that the earnings estimate revisions for Encana was revised downwards by 1 cent in the last 30 days. The Zacks Consensus Estimate remained the same over the last 7 days.
Zacks Rank & Surprise History: Currently, Encana carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Coming to earnings surprise history, the company has an impressive record: the company has surpassed estimates in each of the last four quarters with an average beat of 8.05%
Encana Corporation Price and EPS Surprise
Encana Corporation Price and EPS Surprise | Encana Corporation Quote
Check back later for our full write up on this Encana earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>