Market Overview

Earnings Preview for Range Resources

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Range Resources (NYSE: RRC) announces its next round of earnings this Monday, August 03. Here is Benzinga's everything-that-matters guide for this Monday's Q2 earnings announcement.

Earnings and Revenue

Range Resources EPS will likely be near $-0.16 while revenue will be around $430.45 million, according to analysts. In the same quarter last year, Range Resources posted EPS of $0.02 on sales of $689.69 million. If the company were to report in-line earnings when it publishes results Monday, sales would have fallen 22.95% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.03 0.03 -0.10 0.03
EPS Actual 0.04 0.08 -0.07 0.02
Revenue Estimate 558.69 M 601.55 M 581.55 M 629.87 M
Revenue Actual 560.67 M 637.15 M 627.79 M 689.69 M

Stock Performance

Over the last 52-week period, shares are up 38.36%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Range Resources is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/e67jj7rh

 

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Posted-In: Earnings