Earnings: Headquartered in New York, Hess Corporation’s (HES Quick QuoteHES - Free Report) loss per share from continuing operations (excluding special items) came in at 27 cents, narrower than the Zacks Consensus Estimate of loss of 54 cents per share.

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate of loss for the quarter has been revised narrower over the last 30 days.

However, Hess’s earnings surprise history is not impressive. The company failed to beat the Zacks Consensus Estimate in two of the last four quarters, the average negative earnings surprise being 0.8%.

Hess Corporation Price and EPS Surprise

Hess Corporation Price and EPS Surprise | Hess Corporation Quote

Revenue: Revenues of $1,390 million came above the Zacks Consensus Estimate of $1,178 million.

Key Stats: Quarterly hydrocarbon production was 255 thousand barrels of oil equivalent per day, down 18% year over year.

Worldwide crude oil realization per barrel of $59.32 (including the impact of hedging) up 22% year over year.

Zacks Rank: Currently, Hess has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2018 report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.

Check back later for our full write up on this Hess Corporation earnings report later!

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