Parsley Energy Q4 Earnings Outlook

On Wednesday, Parsley Energy PE will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Parsley Energy earnings will be near 18 cents per share on sales of $301.12 million, according to analysts.

Parsley Energy's earnings in the same period a year ago was 6 cents per share. Quarterly sales came in at $155.87 million. The Wall Street estimate would represent a 200 percent increase in the company's earnings. Sales would be up 93.18 percent from the same quarter last year.

In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Stock Performance

Over the last 52-week period, shares are down 26.37 percent. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.

Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on Parsley Energy stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.