APA(US:APA) ZACKSยท2024-06-17 23:20Company Overview - APA closed at $27.94, reflecting a +0.43% change from the previous day, underperforming the S&P 500's gain of 0.77% [1] - Over the past month, APA shares have decreased by 9.91%, while the Oils-Energy sector declined by 7.24% and the S&P 500 increased by 3.71% [1] Earnings Expectations - Analysts anticipate APA to report earnings of $1.26 per share, representing a year-over-year growth of 48.24% [1] - The revenue forecast for the upcoming earnings report is $2.33 billion, indicating a 19.07% increase compared to the same quarter last year [1] Full Year Projections - For the full year, earnings are projected at $4.58 per share and revenue at $9.14 billion, reflecting changes of +1.1% and +11.9% respectively from the previous year [2] Analyst Forecast Revisions - Recent revisions to analyst forecasts for APA are crucial as they often indicate shifts in short-term business dynamics, with positive revisions suggesting a favorable business outlook [2] Zacks Rank and Valuation - APA currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate having decreased by 1.29% over the last 30 days [3] - The Forward P/E ratio for APA is 6.08, which is lower than the industry average of 9.72, indicating a valuation discount [3] Industry Context - APA operates within the Oil and Gas - Exploration and Production - United States industry, which is ranked 77 in the Zacks Industry Rank, placing it in the top 31% of over 250 industries [3] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, highlighting the competitive positioning of APA's industry [3]