Analysts Estimate ConocoPhillips (COP) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for ConocoPhillips due to lower revenues, with a focus on how actual results will compare to estimates to influence stock price movements [1][2]. Earnings Expectations - ConocoPhillips is expected to report quarterly earnings of $1.89 per share, reflecting a year-over-year decrease of 21.3$14.68 billion, down 4.1% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 14.96% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for ConocoPhillips is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -1.77%, suggesting a bearish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [8]. - ConocoPhillips currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, ConocoPhillips exceeded the expected earnings of $1.68 per share by delivering$1.78, resulting in a surprise of +5.95% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - While ConocoPhillips may not be a compelling candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].