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Market Overview

Concho Resources Q4 Earnings Preview

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On Tuesday, Concho Resources (NYSE: CXO) will release its latest earnings. Benzinga's outlook for Concho Resources is included in the following report.

Earnings and Revenue

Wall Street expects EPS of 45 cents per share and sales around $705.56 million.

In the same quarter last year, Concho Resources reported earnings of 20 cents per share on sales of $524 million. The Wall Street estimate would represent a 125 percent increase in the company's earnings. Revenue would be up 34.5 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 0.27 0.43 0.3 -0.07
EPS Actual 0.45 0.52 0.49 0.2

 

Stock Performance

Over the last 52-week period, shares are up 4.52 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Over the past 90 days, analysts' have adjusted their estimates higher for EPS and revenues. Analysts generally rate Concho Resources stock as Neutral. The strength of this rating has maintained conviction over the past three months.

 

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