ConocoPhillips 2Q Earnings Pregame Scorecard

FOXBusiness

Having missed analysts' estimates last quarter, ConocoPhillips (NYSE:COP) gets a chance to make up for it as it delivers its latest earnings on Wednesday, July 25, 2012.

Expectations

Continue Reading Below

Analysts currently expect ConocoPhillips to come in with earnings of $1.23 per share on revenues of $9.88 billion. Analyst estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from $2.37.

Stock Movement

Recently, the stock price has been rising Since July 10, 2012 business days the stock has risen $3.29 per share. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $15.56 (-21.5%), from $72.33 to $56.77.

Company Fundamental Trends On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 43.9% in the second quarter of the last fiscal year, 33.1% in the third quarter of the last fiscal year and 19.2% in the fourth quarter of the last fiscal year before increasing again in the first quarter. Net income has improved by a year-over-year average of 7.6% over the previous four quarters, and the company heads into its upcoming earnings announcement with solid profits of late.

Stock Ratings

Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Last Quarter's Results

In the first quarter, profit fell 3% to $2.94 billion ($2.27 a share) from $3.03 billion ($2.09 a share) the year earlier, missing analyst expectations. Revenue rose 1.1% to $57.13 billion from $56.53 billion.

Summary

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012

EPS: $1.23

Revenue Estimate: $9.88 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)