APA (APA) Misses Q4 Earnings Estimates

Core Viewpoint - APA reported quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of$0.97 per share, and down from $1.15 per share a year ago, indicating an earnings surprise of -18.56$2.5 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 9.98%, compared to $1.89 billion in the same quarter last year [2] Group 1: Earnings Performance - Over the last four quarters, APA has surpassed consensus EPS estimates only once [2] - The current consensus EPS estimate for the upcoming quarter is$0.88 on revenues of $2.16 billion, and for the current fiscal year, it is$3.63 on revenues of $8.57 billion [7] Group 2: Stock Performance and Outlook - APA shares have declined approximately 3.1% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The company's earnings outlook and management's commentary on the earnings call will be crucial for future stock price movements [3][4] Group 3: Industry Context - The Zacks Industry Rank for Oil and Gas - Exploration and Production - United States is currently in the top 14% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]