Market Overview

Earnings Outlook For Antero Resources

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Antero Resources (NYSE: AR) announces its next round of earnings this Wednesday, October 28. Here is Benzinga's everything-that-matters guide for this Wednesday's Q3 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts are expecting Antero Resources to report a loss of $0.1 per share. Revenue will likely be around $997.79 million, according to the consensus estimate. In the same quarter last year, Antero Resources posted a loss of $0.49 per share on sales of $1.02 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street consensus estimate for earnings would represent a 79.59% increase for the company. Revenue would be down 1.99% on a year-over-year basis. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -0.15 0.02 -0.10 -0.29
EPS Actual -0.37 -0.13 -0.02 -0.49
Revenue Estimate 934.25 M 945.27 M 1.01 B 941.51 M
Revenue Actual 484.91 M 1.32 B 952.74 M 1.02 B

Stock Performance

Shares of Antero Resources were trading at $3.725 as of October 26. Over the last 52-week period, shares are up 35.19%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Antero Resources is scheduled to hold the call at 11:00:00 ET and can be accessed here.

 

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