On Tuesday, Newfield Exploration (NYSE: NFX) will
release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Analysts predict Newfield Exploration will report earnings of 63 cents per share on revenue of $492.12 million.
In the same quarter last year, Newfield Exploration posted EPS of 49 cents per share on sales of $415 million. The Wall Street
consensus estimate for earnings would represent a 28.57 percent increase for the company. Sales would be up 18.58 percent from the
same quarter last year.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter |
Q3 2017 |
Q2 2017 |
Q1 2017 |
Q4 2016 |
EPS Estimate |
0.39 |
0.45 |
0.44 |
0.35 |
EPS Actual |
0.52 |
0.43 |
0.57 |
0.49 |
Stock Performance
Over the last 52-week period, shares are down 38.54 percent. Given that these returns are generally negative, long-term
shareholders are probably unhappy going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Newfield
Exploration stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
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