Range Resources (RRC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Range Resources, driven by higher revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Range Resources is expected to report quarterly earnings of $0.90 per share, reflecting a year-over-year increase of +30.4% [3]. - Revenues are projected to reach $804.12 million, marking a 12% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 6.3% higher in the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP reading suggests a potential earnings beat, particularly when combined with a strong Zacks Rank [8]. Earnings Surprise Prediction - The Most Accurate Estimate for Range Resources is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.09%, indicating a bearish outlook from analysts [10][11]. - Despite the negative Earnings ESP, the stock holds a Zacks Rank of 2, complicating predictions for an earnings beat [11]. Historical Performance - In the last reported quarter, Range Resources exceeded expectations by delivering earnings of $0.68 per share against an estimate of $0.55, resulting in a surprise of +23.64% [12]. - The company has beaten consensus EPS estimates in all of the last four quarters [13]. Conclusion - While Range Resources may not be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].