EOG Resources (NYSE: EOG) announces its next round of earnings this Friday, August 5, 2011. Here's Benzinga's essential guide to EOG Resources' second quarter earnings report.
Earnings and Revenue:
Analysts are predicting an EPS reading of 80 cents/share and revenues of $2.01 billion. Investors will be keen to see how this quarter's numbers stack up against the year-ago quarter's positive EPS of 18 cents/share on revenues of $1.36 billion. We'll have to wait for Friday to see if EOG Resources has accomplished the estimated 344.4% rise in EPS and 47.8% increase in revenues on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 | Q4 | Q3 | Q2 |
| EPS Estimate | $0.54 | $0.26 | $0.20 | $0.25 |
| EPS Actual | $0.68 | $0.36 | $0.18 | $0.18 |
Stock Performance:
Shares of EOG Resources were trading at $101.62 as of August 1, 2011. Since January 1st, shares of EOG Resources have given investors a return of 11.7%. For a full 12 months, the return has risen by 3.8%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for EOG Resources is a Hold. The strength of this rating has declined slightly over the past three months.
Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of EOG Resources' peers.
- Anadarko Petroleum (NYSE: APC): Moderate Buy with a $1.14 recent quarter EPS
- Chesapeake Energy (NYSE: CHK): Moderate Buy with a $0.76 recent quarter EPS
- Apache (APA): Moderate Buy with a $2.87 recent quarter EPS
- EnCana (ECA): Hold with a $0.26 recent quarter EPS
EOG Resources is in the oil-US export and production industry, which has experienced price/earnings growth of 11.6%.
Finally, a description of the company's main areas of operation: EOG Resources develops and produces natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad, Tobago and the United Kingdom.
Take Action:
There is your peek into EOG Resources' upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap of the announcement. In the meantime, here are some links to explore today.
