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Exploring Analyst Estimates for EOG Resources (EOG) Q2 Earnings, Beyond Revenue and EPS
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Wall Street analysts forecast that EOG Resources (EOG - Free Report) will report quarterly earnings of $5.10 per share in its upcoming release, pointing to a year-over-year increase of 119.8%. It is anticipated that revenues will amount to $7.95 billion, exhibiting an increase of 45.2% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 4.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
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 rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific EOG Resources metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenues- Natural Gas Liquids' to reach $817.88 million. The estimate indicates a year-over-year change of +53.2%.
It is projected by analysts that the 'Revenues- Natural gas' will reach $801.81 million. The estimate indicates a year-over-year change of +33.6%.
The collective assessment of analysts points to an estimated 'Revenues- Gathering, Processing and Marketing' of $1.32 billion. The estimate indicates a year-over-year change of +6.2%.
The consensus estimate for 'Revenues- Crude Oil and Condensate' stands at $4.99 billion. The estimate indicates a change of +67.7% from the prior-year quarter.
The consensus among analysts is that 'Crude Oil and Condensate Volumes per day - Total' will reach 549.47 thousands of barrels of oil. Compared to the present estimate, the company reported 504.20 thousands of barrels of oil in the same quarter last year.
Based on the collective assessment of analysts, 'Natural Gas Volumes per day - Total' should arrive at . The estimate is in contrast to the year-ago figure of .
According to the collective judgment of analysts, 'Crude Oil Equivalent Volumes per day - Total' should come in at 1,396.82 thousands of barrels of oil equivalent. Compared to the present estimate, the company reported 1,134.10 thousands of barrels of oil equivalent in the same quarter last year.
Analysts' assessment points toward 'Natural Gas Liquids Volumes per day - Total' reaching 337.91 thousands of barrels of oil. Compared to the current estimate, the company reported 258.40 thousands of barrels of oil in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Average Natural Gas Liquids Prices per bbl - Composite' will likely reach $26.79 . The estimate is in contrast to the year-ago figure of $22.70 .
The average prediction of analysts places 'Total Production' at 127 thousands of barrels of oil equivalent. The estimate is in contrast to the year-ago figure of 103 thousands of barrels of oil equivalent.
Analysts predict that the 'Average Crude Oil and Condensate Prices per bbl - United States' will reach $99.80 . The estimate compares to the year-ago value of $64.84 .
Analysts expect 'Average Crude Oil and Condensate Prices per bbl - Composite' to come in at $101.32 . The estimate is in contrast to the year-ago figure of $64.82 .
EOG Resources shares have witnessed a change of +13.7% in the past month, in contrast to the Zacks S&P 500 composite's +0.2% move. With a Zacks Rank #3 (Hold), EOG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for EOG Resources (EOG) Q2 Earnings, Beyond Revenue and EPS
Wall Street analysts forecast that EOG Resources (EOG - Free Report) will report quarterly earnings of $5.10 per share in its upcoming release, pointing to a year-over-year increase of 119.8%. It is anticipated that revenues will amount to $7.95 billion, exhibiting an increase of 45.2% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 4.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
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 rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific EOG Resources metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenues- Natural Gas Liquids' to reach $817.88 million. The estimate indicates a year-over-year change of +53.2%.
It is projected by analysts that the 'Revenues- Natural gas' will reach $801.81 million. The estimate indicates a year-over-year change of +33.6%.
The collective assessment of analysts points to an estimated 'Revenues- Gathering, Processing and Marketing' of $1.32 billion. The estimate indicates a year-over-year change of +6.2%.
The consensus estimate for 'Revenues- Crude Oil and Condensate' stands at $4.99 billion. The estimate indicates a change of +67.7% from the prior-year quarter.
The consensus among analysts is that 'Crude Oil and Condensate Volumes per day - Total' will reach 549.47 thousands of barrels of oil. Compared to the present estimate, the company reported 504.20 thousands of barrels of oil in the same quarter last year.
Based on the collective assessment of analysts, 'Natural Gas Volumes per day - Total' should arrive at . The estimate is in contrast to the year-ago figure of .
According to the collective judgment of analysts, 'Crude Oil Equivalent Volumes per day - Total' should come in at 1,396.82 thousands of barrels of oil equivalent. Compared to the present estimate, the company reported 1,134.10 thousands of barrels of oil equivalent in the same quarter last year.
Analysts' assessment points toward 'Natural Gas Liquids Volumes per day - Total' reaching 337.91 thousands of barrels of oil. Compared to the current estimate, the company reported 258.40 thousands of barrels of oil in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Average Natural Gas Liquids Prices per bbl - Composite' will likely reach $26.79 . The estimate is in contrast to the year-ago figure of $22.70 .
The average prediction of analysts places 'Total Production' at 127 thousands of barrels of oil equivalent. The estimate is in contrast to the year-ago figure of 103 thousands of barrels of oil equivalent.
Analysts predict that the 'Average Crude Oil and Condensate Prices per bbl - United States' will reach $99.80 . The estimate compares to the year-ago value of $64.84 .
Analysts expect 'Average Crude Oil and Condensate Prices per bbl - Composite' to come in at $101.32 . The estimate is in contrast to the year-ago figure of $64.82 .
View all Key Company Metrics for EOG Resources here>>>EOG Resources shares have witnessed a change of +13.7% in the past month, in contrast to the Zacks S&P 500 composite's +0.2% move. With a Zacks Rank #3 (Hold), EOG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .