Earnings Beat: Houston, TX-based ConocoPhillips (COP - Free Report) reported earnings per share excluding special items at $1.09, beating the Zacks Consensus Estimate of $1.06.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been revised upward over the last 30 days.
Moreover, ConocoPhillips have an impressive earnings surprise history. The company managed to beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 226.9%.
Revenue: Revenues of $9,240 million failed to surpass the Zacks Consensus Estimate of $9,793 million.
Key Stats: Total production during the second-quarter 2018 came at 1,249 thousand barrels of oil equivalent per day (MBOE/D), down from 1,437 MBOE/D in the year ago quarter period. For second-quarter 2018, the total realized price of hydrocarbon was recorded at $54.32 per barrel of oil equivalent (BOE), higher than $36.08 per BOE in the April to June quarter of 2017.
Zacks Rank: Currently, ConocoPhillips sports a Zacks Rank #1 (Strong Buy) but that could change following its second-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 ConocoPhillips earnings report later!
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Earnings Beat: Houston, TX-based ConocoPhillips (COP - Free Report) reported earnings per share excluding special items at $1.09, beating the Zacks Consensus Estimate of $1.06.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been revised upward over the last 30 days.
Moreover, ConocoPhillips have an impressive earnings surprise history. The company managed to beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 226.9%.
Revenue: Revenues of $9,240 million failed to surpass the Zacks Consensus Estimate of $9,793 million.
Key Stats: Total production during the second-quarter 2018 came at 1,249 thousand barrels of oil equivalent per day (MBOE/D), down from 1,437 MBOE/D in the year ago quarter period. For second-quarter 2018, the total realized price of hydrocarbon was recorded at $54.32 per barrel of oil equivalent (BOE), higher than $36.08 per BOE in the April to June quarter of 2017.
Zacks Rank: Currently, ConocoPhillips sports a Zacks Rank #1 (Strong Buy) but that could change following its second-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 ConocoPhillips 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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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