APA(US:APA) ZACKSยท2024-09-18 23:20Company Performance - APA closed at $25.11, reflecting a -0.55% change from the previous session, underperforming compared to the S&P 500's daily loss of 0.29% [1] - Over the last month, APA's shares decreased by 10.87%, contrasting with the Oils-Energy sector's loss of 2.45% and the S&P 500's gain of 1.57% [1] - Analysts expect APA to report earnings of $1.09 per share, indicating a year-over-year decline of 18.05%, while revenue is anticipated to be $2.31 billion, showing a slight increase of 0.01% compared to the previous year [1] Annual Estimates - For the annual period, Zacks Consensus Estimates project earnings of $4.15 per share and revenue of $9.16 billion, representing shifts of -8.39% and +12.08% from the last year, respectively [2] Analyst Estimates and Valuation - Recent changes to analyst estimates for APA suggest a shifting business landscape, with positive revisions indicating optimism about the company's outlook [2] - The Zacks Rank system currently rates APA at 3 (Hold), with a 5.34% decrease in the consensus EPS estimate over the last 30 days [3] - APA's Forward P/E ratio is 6.08, which is a discount compared to the industry's average Forward P/E of 9.95 [3] Industry Context - The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector and holds a Zacks Industry Rank of 218, placing it in the bottom 14% of over 250 industries [3] - The Zacks Industry Rank measures the strength of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [3]