Hess HES unveils its next round of earnings this Wednesday, July 27, 2011. Here is Benzinga's everything-that-matters guide for this Wednesday's second quarter earnings announcement.
Earnings and Revenue:
Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of $2 per share and revenues of $10.12 billion. Wall Street will be looking to see how this quarter's numbers compare to the year-ago quarter's positive EPS of $1.15 per share on revenues of $7.75 billion. We'll know on Wednesday whether Hess has managed the estimated 73.9% increase in EPS and 30.6% rise in revenues on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 | Q4 | Q3 | Q2 |
| EPS Estimate | $1.85 | $1.22 | $1.04 | $1.14 |
| EPS Actual | $1.82 | $1.20 | $1.31 | $1.15 |
Stock Performance:
At last check, shares of Hess were trading at $74.14. Shares are down 2.9% year to date. For a full 12 months, the return has risen by 18.8%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for Hess is a Moderate Buy. Over the past three months this rating's strength has declined slightly.
Competitors:
Wondering how some of the other energy companies are doing? Here are a few of Hess' peers in that sector.
- ConocoPhillips COP: Hold with a $1.82 recent quarter EPS
- Chevron CVX: Moderate Buy with a $3.09 recent quarter EPS
- Marathon Oil MRO: Hold with a $1.65 recent quarter EPS
- Occidental Petroleum (OXY): Moderate Buy with a $1.96 recent quarter EPS
Hess is in the integrated oil-US industry, which has experienced price/earnings growth of 0.9%.
Finally, a description of the company's main areas of operation: Hessration is a global integrated energy company that explores and refines crude oil and natural gas.
Take Action:
Now that you've gotten an advanced peak at Hess' upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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