Canadian Natural Resources (CNQ) Misses Q4 Earnings Estimates

Group 1 - Canadian Natural Resources (CNQ) reported quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.69 per share, and down from $0.86 per share a year ago, representing an earnings surprise of -4.35% [1] - The company posted revenues of $6.77 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 5.88%, but down from $7.02 billion year-over-year [2] - Over the last four quarters, Canadian Natural Resources has surpassed consensus revenue estimates four times [2] Group 2 - The stock has lost about 11.1% since the beginning of the year, while the S&P 500 has declined by -0.7% [3] - The current consensus EPS estimate for the coming quarter is $0.69 on revenues of $6.66 billion, and for the current fiscal year, it is $2.48 on revenues of $26.26 billion [7] - The Zacks Industry Rank for Oil and Gas - Exploration and Production - Canadian is currently in the bottom 43% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]