Market Overview

Halcon Resources Q4 Earnings Preview

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On Wednesday, Halcon Resources (NYSE: HK) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings and Revenue

Based on management's projections, Halcon Resources analysts modeled for a loss of 4 cents per share on sales of $34.45 million.

In the same quarter last year, Halcon Resources announced EPS of 66 cents per share on revenue of $130 million. Analysts estimate would represent a 106.06 percent decrease in the company's earnings. Revenue would be down 73.55 percent from the year-ago period.

Halcon Resources's reported EPS has stacked up against analyst estimates in the past like this:

 

Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate 0.04 0.03 0.03 0.53
EPS Actual -0.06 0 0.06 0.66

 

Stock Performance

Over the past 52-week period, shares of Halcon Resources have declined -17.01 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Halcon Resources stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

 

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