Analysts Estimate Canadian Natural Resources (CNQ) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Canadian Natural Resources (CNQ) due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Canadian Natural Resources is expected to report quarterly earnings of $0.69 per share, reflecting a year-over-year decrease of 19.8$6.39 billion, down 8.9% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.47% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Canadian Natural Resources is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -7.25% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [6][7]. - A positive Earnings ESP combined with a Zacks Rank of 1, 2, or 3 significantly increases the likelihood of an earnings beat [8]. Historical Performance - In the last reported quarter, Canadian Natural Resources exceeded the expected earnings of $0.67 per share, achieving$0.71, resulting in a surprise of +5.97% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Industry Comparison - Tourmaline Oil Corp. is expected to report earnings of $0.83 per share for the same quarter, indicating a year-over-year decline of 43.5% [17]. - Tourmaline Oil Corp. has an Earnings ESP of 6.45%, suggesting a likelihood of beating the consensus EPS estimate, despite not beating estimates in the last four quarters [18].