In This Article:
Wall Street analysts forecast that EOG Resources (EOG) will report quarterly earnings of $2.55 per share in its upcoming release, pointing to a year-over-year decline of 16.9%. It is anticipated that revenues will amount to $5.88 billion, exhibiting a decline of 7.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 4.6% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during 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.
The collective assessment of analysts points to an estimated 'Revenues- Natural gas' of $479.59 million. The estimate points to a change of +0.8% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- Crude Oil and Condensate' should arrive at $3.34 billion. The estimate indicates a year-over-year change of -7.2%.
Analysts forecast 'Revenues- Natural Gas Liquids' to reach $519.77 million. The estimate indicates a change of +7.4% from the prior-year quarter.
Analysts predict that the 'Revenues- Gathering, Processing and Marketing' will reach $1.50 billion. The estimate indicates a year-over-year change of +2%.
The average prediction of analysts places 'Crude Oil Equivalent Volumes per day - Total' at 1,098.49 millions of barrels of oil equivalent. The estimate is in contrast to the year-ago figure of 1026.2 millions of barrels of oil equivalent.
The combined assessment of analysts suggests that 'Natural Gas Volumes per day - Total' will likely reach 2,075.34 millions of cubic feet. The estimate is in contrast to the year-ago figure of 1831 millions of cubic feet.
The consensus among analysts is that 'Crude Oil and Condensate Volumes per day - Total' will reach 493.75 millions of barrels of oil. The estimate is in contrast to the year-ago figure of 485.2 millions of barrels of oil.