Back to top

Image: Bigstock

Encana (ECA) Beats Q4 Earnings and Sales Estimates

Read MoreHide Full Article
An Earnings Beat: Encana Corporation reported earnings of 32 cents per share, ahead of the Zacks Consensus Estimate as well as the year-ago profit of 12 cents.
 
Estimate Revision Trend & Surprise History: The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings revised down by a penny over the last 30 days.
 
Coming to earnings surprise history, the company has an impressive record: it has topped estimates in each of the last four quarters, with an average beat of 45.96%. 
 
Revenues Surpass Estimates: Revenues of $2,381 million were 98% above the fourth-quarter 2017 sales of $1,210 million. Further, the top line surpassed the Zacks Consensus Estimate of $1,400 million.
 
Key Tidbits
 
Total fourth-quarter production came at 403,400 barrels of oil equivalent per day (BOE/d) compared with 335,200 BOE/d in the prior-year quarter.
 
Quarterly natural gas production increased approximately 15% year over year to 1,265 million cubic feet per day, while liquids production rose 26% from the prior-year quarter to 192.7 thousand barrels per day.
 
Encana's realized natural gas price was $2.64 per thousand cubic feet, compared with the year-ago quarter level of $2.34. Meanwhile, realized liquids price rose to $58.81 per barrel from $55.4 in the fourth quarter of 2017.
 
Zacks Rank: Currently, Encana carries a Zacks Rank #3 (Hold).
 
 
Check back later for our full write up on Encana’s earnings report later!
 
Zacks' Top 10 Stocks for 2019 
 
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year? 
 
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%. 
 

Published in