Will Canadian Natural Resources (CNQ) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Canadian Natural Resources (CNQ) has consistently beaten earnings estimates, making it a strong candidate for future earnings surprises [1][2] - The average surprise for the last two quarters was 13.43%, indicating a solid performance trend [2] Earnings Performance - In the most recent quarter, CNQ reported earnings of $0.51 per share against an expectation of $0.44, resulting in a surprise of 15.91% [3] - For the previous quarter, the consensus estimate was $0.73 per share, while the actual earnings were $0.81 per share, leading to a surprise of 10.96% [3] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for CNQ, with a positive Zacks Earnings ESP of +6.33%, suggesting bullish sentiment among analysts [6][9] - The combination of a positive Earnings ESP and a Zacks Rank 1 (Strong Buy) indicates a high likelihood of another earnings beat [9] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [7] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [8]