Canadian Natural Resources (CNQ) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

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 - The upcoming earnings report is expected to show earnings of $0.44 per share, reflecting a year-over-year decrease of 31.3%, with revenues projected at $6.28 billion, down 5.1% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for CNQ is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +4.89%, indicating a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, CNQ exceeded the expected earnings of $0.73 per share by delivering $0.81, resulting in a surprise of +10.96%. Over the last four quarters, the company has beaten consensus EPS estimates three times [13][14]. Conclusion - Canadian Natural Resources is positioned as a strong candidate for an earnings beat, but investors should consider additional factors beyond earnings expectations when making investment decisions [17].