Hess 2Q Earnings Pregame Scorecard

FOXBusiness

Hess (NYSE:HES) has missed analyst's estimates for the last five quarters, but it will try to reverse the trend when it announces earnings on Wednesday, July 25, 2012.

Expectations

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Analysts currently expect Hess to come in with earnings of $1.42 per share on revenues of $8.71 billion. Analysts gave estimates ranging from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from $1.59.

Stock Movement

Recently, the stock price has been rising Since July 12, 2012 business days the stock has risen $2.30 per share. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $9.22 (-17%), from $54.12 to $44.90.

Company Fundamental Trends While last quarter's drop snapped a string of revenue increases, the company will look to right itself during the upcoming earnings period. Revenue rose 27.5% in the second quarter of the last fiscal year, 11.4% in the third quarter of the last fiscal year and 2.7%in the fourth quarter of the last fiscal year before dropping in the first quarter.

Stock Ratings

Analysts are bullish on the stock as eight analysts rate it as a buy and there are no sell 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 41.3% to $545 million ($1.60 a share) from $929 million ($2.74 a share) the year earlier, missing analyst expectations. Revenue fell 7.7% to $9.75 billion from $10.56 billion.

Summary

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012

EPS: $1.42

Revenue Estimate: $8.71 billion

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