Newfield Exploration 2Q Earnings Pregame Scorecard
Last quarter Newfield Exploration (NYSE:NFX) topped estimates by 15 cents per share, and it is scheduled to report again on Tuesday.
Analysts currently expect Newfield Exploration to come in with earnings of 69 cents per share on revenues of $668.8 million. Analysts gave estimates ranging from earnings per share to earnings per share. Over the past two months, the average estimate has moved down from 80 cents.
Recently, the stock price has been rising Since July 10, 2012 business days the stock has risen $3.28 per share.
Company Fundamental Trends
Analysts are bullish on the stock as 11 analysts rate it as a buy and only one analyst rate it as a sell. 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, the company swung to a profit of $116 million (86 cents a share) from a loss of $17 million (13 cents) a year earlier, beating analyst estimates. Revenue rose 24.4% to $678 million from $545 million.
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012
EPS: 69 cents
Revenue Estimate: $668.8 million
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)