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Vermilion Energy (VET) to Report Q1 Earnings: What's in Store?

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Vermilion Energy Inc. (VET - Free Report) is set to report first-quarter 2022 results on May 11, after the closing bell.

In the last reported quarter, the upstream energy company reported earnings of 95 cents per share, beating the Zacks Consensus Estimate of 53 cents. In the trailing two quarters, Vermilion Energy beat the Zacks Consensus Estimate for the bottom line, delivering an earnings surprise of 89.6%, on average. This is depicted in the graph below:

Vermilion Energy Inc. Price, Consensus and EPS Surprise

Vermilion Energy Inc. Price, Consensus and EPS Surprise

Vermilion Energy Inc. price-consensus-eps-surprise-chart | Vermilion Energy Inc. Quote

Let’s see how things have shaped up prior to the announcement.

Estimate Trend

The Zacks Consensus Estimate for its first-quarter earnings per share of 84 cents has witnessed no upward and one downward movement in the past 30 days. This suggests year-over-year earnings growth of 863.6%.

Factors to Consider

In the March quarter, crude oil and natural prices increased significantly compared to the prior-year quarter. Healthier commodity prices are likely to have aided Vermilion Energy since the company is a leading upstream energy player with a strong footprint in the prolific resources of North America, Europe and Australia.

Earnings Whispers

Our proven model does not indicate an earnings beat for Vermilion Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. As you can see, that is not the case here.

Earnings ESP: Vermilion Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Vermilion Energy currently carries a Zacks Rank #3.

Stocks That Warrant a Look

Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports:

Advance Auto Parts, Inc. (AAP - Free Report) has an Earnings ESP of +4.89% and is a Zacks #3 Ranked player at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Advance Auto Parts is scheduled to release first-quarter results on May 23. The Zacks Consensus Estimate for Advance Auto Parts’ quarterly earnings is pegged at $3.50 per share, suggesting an increase of 4.8% from the prior-year reported figure.

Analog Devices, Inc. (ADI - Free Report) has an Earnings ESP of +0.60% and is a Zacks #2 Ranked player at present.

Analog Devices is slated to release second-quarter fiscal 2022 results on May 18. The Zacks Consensus Estimate for ADI’s quarterly earnings is pegged at $2.12, suggesting an increase of 37.7% from the prior-year figure.

Ascendis Pharma A/S (ASND - Free Report) has an Earnings ESP of +17.62% and flaunts a Zacks Rank #3.

Ascendis Pharma is scheduled to release first-quarter earnings on May 11. The Zacks Consensus Estimate for ASND’s bottom line is pegged at a loss of $2.25 per share, suggesting a decline of 59.6% from the prior-year reported figure.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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