| Encana in 1Q15: Adjusted Earnings Exceed Estimates | |
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Encana in 1Q15: Huge Impairment Charge Leads to Net Loss (Continued from Prior Part) 1Q15 adjusted earnings exceed estimates
As shown in the graph below, Encana’s (ECA) adjusted EPS (earnings per share) exceeded estimates in certain past quarters. On average, adjusted EPS has exceeded consensus EPS by ~1% in the last 13 quarters. In 1Q15, adjusted net income of $0.01 per share beat the estimated net loss of $0.093 per share.
Between 1Q12 and 1Q15, Encana’s (ECA) adjusted EPS increased by 114%. This is because its adjusted loss per share was $0.07 in 1Q12. Adjusted EPS decreased by 99% from 1Q14 to 1Q15.
1Q15 adjusted revenues exceeds estimates
Encana’s adjusted revenues exceeded estimates in certain past quarters also. In 1Q15, adjusted revenues exceeded estimates by ~6%. On average, adjusted revenues have almost matched consensus estimates in the past 13 quarters.
Between 1Q12 and 1Q15, Encana’s adjusted revenues decreased by 31%. Meanwhile, from 1Q14 to 1Q15, adjusted revenues decreased by 34%.
Share price movement
Following its latest quarterly earnings release, Encana (ECA) stock declined by 0.1% from the previous day to finish at $13.86 on May 12. Encana (ECA) has returned ~1% since January 1 this year.
Ultra Petroleum (UPL) has returned ~26% during the same period. Continental Resources (CLR) has returned 24%. Linn Energy’s (LINE) year-to-date return is 21%. In comparison, the SPDR S&P 500 ETF Trust (SPY) has returned 2.6%, and the Energy Select Sector SPDR Fund (XLE) has returned 2% since January 1 this year.
Gas producer EQT makes up 0.86% of XLE.
Continue to Prior Part Browse this series on Market Realist:
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : ECA.TO |
ISIN : CA2925051047 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Encana is a oil and natural gas producing company based in Canada. Encana holds various exploration projects in Canada. Its main exploration property is BUFFALO HILLS in Canada. Encana is listed in Canada and in Germany. Its market capitalisation is 235.3 millions as of today (US$ 179.1 millions, € 162.4 millions). Its stock quote reached its highest recent level on November 23, 2018 at 9.99, and its lowest recent point on January 24, 2020 at 4.96. Encana has 47 442 200 shares outstanding. |