Earnings Preview: EOG Resources' EPS, Revenue Expected to Rise

EOG Resources EOG unveils its next round of earnings this Tuesday, November 2, 2011. Get the latest predictions in Benzinga's essential guide to the company's third quarter earnings report.

Earnings and Revenue:

Ahead of the company's earnings announcement, analysts are expecting a positive EPS reading of 84 cents/share and revenues of $2.29 billion. EOG Resources' latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 18 cents/share on revenues of $1.58 billion. We'll know on Tuesday whether the company has managed the estimated 366.7% increase in EPS and 44.9% 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:

Stock Performance:

As of October 28, 2011, EOG Resources' current share price was $95.18. Shares are up 4.8% year to date. For a full 12 months, the return has risen by 6.3%. 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 is a Hold. Over the past three months this rating's strength has declined slightly.

Competitors:

Want to check out the performance of EOG Resources closest competitors? Take a look at some of the company's peers in the energy sector.

• Apache APA: Moderate Buy with a $3.22 recent quarter EPS
• Anadarko Petroleum APC: Moderate Buy with a $1.14 recent quarter EPS
• Chesapeake Energy CHK: Moderate Buy with a $0.76 recent quarter EPS
• EnCana (ECA): Hold with a $0.23 recent quarter EPS

The oil-US export and production company's industry has seen price/earnings growth of 0.2% during the current fiscal year.

Finally, a description of the company's main areas of operation: EOG Resources develops and produces natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad, Tobago, and the United Kingdom.

Take Action:

Now that you've gotten an advanced peak at EOG Resources' 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.

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