EP Energy Corporation (NYSE:EPE) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 23, 2017. The stock added about 45.4 percent in price since last results when it was at $4.45 a share. Based on the most relevant past-periods data, there is an 53.85 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 7 times out of last 13 reported quarters. It has beaten earnings-per-share estimates 63% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 2 times.
Here’s how traders responded to EPE earnings announcements over the past few quarters.
EP Energy Corporation (EPE) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -8.93 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.1 which missed the consensus $0.21 projection (negative surprise of-52.38%). For the quarter, revenue came in at 255M versus consensus estimate of 349.5M. The stock dropped -4.49 percent the session following the earnings reports were released, and on 7th day price change was -23.6 percent.
On August 3, 2016, it reported earnings at $0.21 a share compared with the consensus estimate of $0.18 per share (positive surprise of 16.67%). Revenue of 100M for that quarter was below the $351.01M analysts had expected. The stock climbed 5.33% the day following the earnings announcement, and on 7th day price change was 6.13%.
On May 4, 2016, it recorded $0.19 a share in earnings which topped the consensus estimate of $0 (negative surprise of %). Revenue for the quarter was $224M while analysts called for revenues to be $397.54M. The stock gained 32.35% the day following the earnings data was made public, and on 7th day price change was 29.19%.
On February 18, 2016, it announced earnings per share at $0.22 versus the consensus estimate of $0.22 per share (negative surprise of 0%). That came on revenues of $473M for that period. Analysts had expected $553.59M in revenue.
EP Energy Corporation Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.03. The analysts’ present consensus range is $-0.08-$0.07 for EPS. The market consensus range for revenue is between $255.15M and $297.4M, with an average of $277.49M.
EP Energy Corporation (NYSE:EPE) last ended at $6.05, sending the company’s market cap near $1.53B. The consensus 12-month price target from analysts covering the stock is $57.5. The share price has declined -19.23% from its top level in 52 weeks and advanced -7.63% this year. It recently traded in a range of $6.03-$6.46 at a volume of 1880239 shares. The recent trading ended with the price nearly -10.24 lower for the last 5 trading days, rebounding 278.13% from its 52-week low.