Will Northern Oil and Gas (NOG) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Northern Oil and Gas (NOG) has a strong track record of exceeding earnings estimates, particularly in the last two quarters, with an average surprise of 38.11% [2][3] - The company reported earnings of $1.37 per share for the last quarter, significantly surpassing the Zacks Consensus Estimate of $0.87 per share, resulting in a surprise of 57.47% [3] - The upcoming earnings report is anticipated on November 6, 2025, with a positive Earnings ESP of +1.83%, indicating bullish sentiment among analysts regarding its near-term earnings potential [8] Earnings Performance - In the previous quarter, Northern Oil and Gas was expected to earn $1.12 per share but delivered $1.33 per share, achieving a surprise of 18.75% [3] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data indicating that such combinations lead to positive surprises nearly 70% of the time [5][6] Earnings ESP Explanation - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7] - A positive Earnings ESP indicates that analysts have become more optimistic about the company's earnings outlook, enhancing the predictive power of the metric [8]