What's in Store for Range Resources (RRC) in Q2 Earnings?

The Zacks Consensus Estimate for second-quarter loss per share of 39 cents has witnessed four downward revisions and no upward movement over the past 30 days. The estimated figure suggests an improvement of 30% from the year-ago quarter's reported number. On the production front, we expect the company, having a strong footprint in the prolific Appalachian Basin, to produce 1.3% year-over-year higher natural gas equivalent volumes. Our proven model does not indicate an earnings beat for RRC this time around. ...