| Should You Buy EOG Resources (EOG) Ahead of Earnings? - Tale of the Tape | |
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Investors are always looking for stocks that are poised to beat at earnings season and EOG Resources, Inc. (EOG) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because EOG Resources is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for EOG in this report. In fact, the Most Accurate Estimate for the current quarter is currently at 10 cents per share for EOG, compared to a broader Zacks Consensus Estimate of 5 cents per share. This suggests that analysts have very recently bumped up their estimates for EOG, giving the stock a Zacks Earnings ESP of100.00% heading into earnings season. Why is this Important? A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here). Given that EOG has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for EOG Resources, and that a beat might be in the cards for the upcoming report. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EOG RES INC (EOG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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EOG Resources
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CODE : EOG |
ISIN : US26875P1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
EOG Res. is a and oil producing company based in United states of america. EOG Res. is listed in United States of America. Its market capitalisation is US$ 78.5 billions as of today (€ 73.4 billions). Its stock quote reached its lowest recent point on July 11, 2003 at US$ 10.00, and its highest recent level on April 26, 2024 at US$ 135.70. EOG Res. has 578 636 343 shares outstanding. |