Magnolia Oil & Gas(US:MGY) ZACKSยท2025-02-11 16:06Core Viewpoint - Magnolia Oil & Gas Corp (MGY) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ending December 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected to show earnings of $0.46 per share, reflecting an 8% decrease year-over-year, while revenues are projected to be $330.02 million, a 2.3% increase from the previous year [3]. - The consensus EPS estimate has been revised 3.23% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.82%, indicating a likelihood of beating the consensus EPS estimate [10][11]. - The stock currently holds a Zacks Rank of 3, which, combined with the positive Earnings ESP, suggests a favorable outlook for the upcoming earnings report [11]. Historical Performance - In the last reported quarter, Magnolia Oil & Gas Corp exceeded the expected earnings of $0.48 per share by delivering $0.52, resulting in a surprise of +8.33% [12]. - Over the past four quarters, the company has surpassed consensus EPS estimates three times [13]. Conclusion - While Magnolia Oil & Gas Corp is positioned as a strong candidate for an earnings beat, other factors should also be considered when evaluating the stock ahead of its earnings release [16].