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On Tuesday, Newfield Exploration (NYSE:NFX) will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Analysts predict Newfield Exploration will report earnings of 63 cents per share on revenue of $492.12 million.
In the same quarter last year, Newfield Exploration posted EPS of 49 cents per share on sales of $415 million. The Wall Street consensus estimate for earnings would represent a 28.57 percent increase for the company. Sales would be up 18.58 percent from the same quarter last year.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
| EPS Estimate | 0.39 | 0.45 | 0.44 | 0.35 |
| EPS Actual | 0.52 | 0.43 | 0.57 | 0.49 |
Stock Performance
Over the last 52-week period, shares are down 38.54 percent. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Newfield Exploration stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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