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What Analyst Projections for Key Metrics Reveal About EOG Resources (EOG) Q1 Earnings
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Wall Street analysts forecast that EOG Resources (EOG - Free Report) will report quarterly earnings of $3.05 per share in its upcoming release, pointing to a year-over-year increase of 6.3%. It is anticipated that revenues will amount to $6.2 billion, exhibiting an increase of 9.3% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 18.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some EOG Resources metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Revenues- Natural gas' reaching $1.06 billion. The estimate indicates a year-over-year change of +65.7%.
Analysts predict that the 'Revenues- Gathering, Processing and Marketing' will reach $1.17 billion. The estimate indicates a year-over-year change of -12.9%.
The consensus estimate for 'Revenues- Natural Gas Liquids' stands at $678.56 million. The estimate suggests a change of +18.6% year over year.
Based on the collective assessment of analysts, 'Revenues- Crude Oil and Condensate' should arrive at $3.57 billion. The estimate indicates a year-over-year change of +8.4%.
The average prediction of analysts places 'Crude Oil and Condensate Volumes per day - Total' at 546.99 thousands of barrels of oil. Compared to the present estimate, the company reported 502.10 thousands of barrels of oil in the same quarter last year.
The combined assessment of analysts suggests that 'Natural Gas Volumes per day - Total' will likely reach . Compared to the present estimate, the company reported in the same quarter last year.
Analysts expect 'Crude Oil Equivalent Volumes per day - Total' to come in at 1,380.85 thousands of barrels of oil equivalent. Compared to the present estimate, the company reported 1,090.40 thousands of barrels of oil equivalent in the same quarter last year.
The collective assessment of analysts points to an estimated 'Natural Gas Liquids Volumes per day - Total' of 332.68 thousands of barrels of oil. Compared to the current estimate, the company reported 241.70 thousands of barrels of oil in the same quarter of the previous year.
According to the collective judgment of analysts, 'Average Natural Gas Liquids Prices per bbl - Composite' should come in at $22.87 . The estimate is in contrast to the year-ago figure of $26.29 .
The consensus among analysts is that 'Average Crude Oil and Condensate Prices per bbl - Composite' will reach $72.11 . The estimate compares to the year-ago value of $72.87 .
It is projected by analysts that the 'Total Production' will reach 124 thousands of barrels of oil equivalent. Compared to the present estimate, the company reported 98 thousands of barrels of oil equivalent in the same quarter last year.
Analysts forecast 'Average Natural Gas Prices per mcf - United States' to reach $3.93 . Compared to the present estimate, the company reported $3.36 in the same quarter last year.
Shares of EOG Resources have demonstrated returns of -0.9% over the past month compared to the Zacks S&P 500 composite's +12.2% change. With a Zacks Rank #2 (Buy), EOG is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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What Analyst Projections for Key Metrics Reveal About EOG Resources (EOG) Q1 Earnings
Wall Street analysts forecast that EOG Resources (EOG - Free Report) will report quarterly earnings of $3.05 per share in its upcoming release, pointing to a year-over-year increase of 6.3%. It is anticipated that revenues will amount to $6.2 billion, exhibiting an increase of 9.3% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 18.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some EOG Resources metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Revenues- Natural gas' reaching $1.06 billion. The estimate indicates a year-over-year change of +65.7%.
Analysts predict that the 'Revenues- Gathering, Processing and Marketing' will reach $1.17 billion. The estimate indicates a year-over-year change of -12.9%.
The consensus estimate for 'Revenues- Natural Gas Liquids' stands at $678.56 million. The estimate suggests a change of +18.6% year over year.
Based on the collective assessment of analysts, 'Revenues- Crude Oil and Condensate' should arrive at $3.57 billion. The estimate indicates a year-over-year change of +8.4%.
The average prediction of analysts places 'Crude Oil and Condensate Volumes per day - Total' at 546.99 thousands of barrels of oil. Compared to the present estimate, the company reported 502.10 thousands of barrels of oil in the same quarter last year.
The combined assessment of analysts suggests that 'Natural Gas Volumes per day - Total' will likely reach . Compared to the present estimate, the company reported in the same quarter last year.
Analysts expect 'Crude Oil Equivalent Volumes per day - Total' to come in at 1,380.85 thousands of barrels of oil equivalent. Compared to the present estimate, the company reported 1,090.40 thousands of barrels of oil equivalent in the same quarter last year.
The collective assessment of analysts points to an estimated 'Natural Gas Liquids Volumes per day - Total' of 332.68 thousands of barrels of oil. Compared to the current estimate, the company reported 241.70 thousands of barrels of oil in the same quarter of the previous year.
According to the collective judgment of analysts, 'Average Natural Gas Liquids Prices per bbl - Composite' should come in at $22.87 . The estimate is in contrast to the year-ago figure of $26.29 .
The consensus among analysts is that 'Average Crude Oil and Condensate Prices per bbl - Composite' will reach $72.11 . The estimate compares to the year-ago value of $72.87 .
It is projected by analysts that the 'Total Production' will reach 124 thousands of barrels of oil equivalent. Compared to the present estimate, the company reported 98 thousands of barrels of oil equivalent in the same quarter last year.
Analysts forecast 'Average Natural Gas Prices per mcf - United States' to reach $3.93 . Compared to the present estimate, the company reported $3.36 in the same quarter last year.
View all Key Company Metrics for EOG Resources here>>>Shares of EOG Resources have demonstrated returns of -0.9% over the past month compared to the Zacks S&P 500 composite's +12.2% change. With a Zacks Rank #2 (Buy), EOG is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .