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

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for EOG Resources due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - EOG Resources is expected to report quarterly earnings of $2.44 per share, reflecting a year-over-year decrease of 15.6% [3]. - Revenues are projected to be $5.94 billion, down 0.4% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 3.99% over the last 30 days, indicating a bearish sentiment among analysts [4]. - The Most Accurate Estimate for EOG Resources is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.56% [12]. 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 positive readings being more predictive of earnings beats [9][10]. - EOG Resources currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [12]. Historical Performance - In the last reported quarter, EOG Resources exceeded the expected earnings of $2.21 per share by delivering $2.32, resulting in a surprise of +4.98% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates four times [14]. Market Reaction Factors - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [15]. - It is advisable to consider Earnings ESP and Zacks Rank before making investment decisions regarding EOG Resources [16].