Analysts Estimate Northern Oil and Gas (NOG) to Report a Decline in Earnings: What to Look Out for

Company Overview - Northern Oil and Gas (NOG) is expected to report a year-over-year decline in earnings of 28% with an EPS of $1.16 for the quarter ended December 2024, while revenues are projected to increase by 2.3$555.83 million [3][12] Earnings Expectations - The earnings report is anticipated to be released on February 19, 2025, and could lead to stock price movements depending on whether the actual results exceed or fall short of expectations [2][12] - The consensus EPS estimate has been revised 2.39% higher in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for Northern Oil and Gas matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, which complicates predictions of an earnings beat [10][11] - The company holds a Zacks Rank of 3, suggesting a neutral outlook [11] Historical Performance - In the last reported quarter, Northern Oil and Gas exceeded the consensus EPS estimate of $1.16 by delivering earnings of$1.40, resulting in a surprise of +20.69% [12] - Over the past four quarters, the company has beaten consensus EPS estimates three times [13] Industry Context - Matador Resources (MTDR), a peer in the oil and gas exploration and production sector, is expected to report an EPS of $1.74 for the same quarter, reflecting a year-over-year decline of 12.6$955.17 million [17] - Matador's consensus EPS estimate has been revised up by 8.2% in the last 30 days, but it currently has an Earnings ESP of -2.85% [18]