Analysts Estimate Amplify Energy (AMPY) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Amplify Energy (AMPY) is expected to report a year-over-year decline in earnings and revenues for the quarter ended December 2023, with the earnings report set to be released on March 6, 2024. The actual results will significantly influence the stock price, depending on whether they meet or exceed expectations [1]. Earnings Estimates - The consensus estimate for Amplify Energy's quarterly earnings is $0.21 per share, reflecting a year-over-year decrease of 71.6% [2]. - Expected revenues are projected at $73.33 million, down 25.9% from the same quarter last year [2]. - Over the last 30 days, the consensus EPS estimate has been revised 26.67% lower, indicating a reassessment by analysts [2]. Earnings Surprise Prediction - The Zacks Earnings ESP (Expected Surprise Prediction) model compares the Most Accurate Estimate to the Zacks Consensus Estimate, providing insights into potential earnings surprises [3]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [4]. Current Earnings Prediction for Amplify Energy - For Amplify Energy, the Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [5]. - The stock currently holds a Zacks Rank of 5, indicating a bearish outlook [5][6]. Historical Performance - In the last reported quarter, Amplify Energy was expected to post earnings of $0.20 per share but instead reported a loss of $0.34, resulting in a surprise of -270% [7]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [7]. Conclusion - Amplify Energy does not appear to be a compelling candidate for an earnings beat based on current estimates and rankings. Investors should consider additional factors when deciding to invest in or avoid the stock ahead of the earnings release [8].