APA (APA) Misses Q1 Earnings Estimates

分组1 - APA reported quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.90 per share, and down from $1.19 per share a year ago, representing an earnings surprise of -13.33% [1] - The company posted revenues of $1.9 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 1.56%, but down from $2.01 billion year-over-year [1] - Over the last four quarters, APA has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [1] 分组2 - APA shares have lost about 12.4% since the beginning of the year, while the S&P 500 has gained 5.6% [2] - The current consensus EPS estimate for the coming quarter is $1.34 on revenues of $2.31 billion, and for the current fiscal year, it is $5.03 on revenues of $9.18 billion [4] - The Zacks Industry Rank for Oil and Gas - Exploration and Production - United States is currently in the top 40% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4]