QEP Resources, Inc. (NYSE:QEP) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 28, 2017. The stock added about 4 percent in price since last results when it was at $17.32 a share. Based on the most relevant past-periods data, there is an 60 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 15 times out of last 25 reported quarters. It has beaten earnings-per-share estimates 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 0 time.
Here’s how traders responded to QEP earnings announcements over the past few quarters.
QEP Resources, Inc. (QEP) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 37.5 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $-0.21 which beat the consensus $-0.23 projection (positive surprise of8.7%. For the quarter, revenue came in at 382.4M versus consensus estimate of 358.23M. The stock gained 0.4 percent the session following the earnings reports were released, and on 7th day price change was -6.99 percent.
On July 27, 2016, it reported earnings at $-0.23 a share compared with the consensus estimate of $-0.38 per share (positive surprise of 39.47%). Revenue of 333.7M for that quarter was below the $362.17M analysts had expected. The stock climbed 4% the day following the earnings announcement, and on 7th day price change was 9.19%.
On April 27, 2016, it recorded $-0.53 a share in earnings which topped the consensus estimate of $-0.59 (positive surprise of 10.17%). Revenue for the quarter was $261.3M while analysts called for revenues to be $369.58M. The stock gained 1.66% the day following the earnings data was made public, and on 7th day price change was 1.01%.
On February 24, 2016, it announced earnings per share at $-0.01 versus the consensus estimate of $-0.12 per share (positive surprise of 91.67%). That came on revenues of $468.3M for that period. Analysts had expected $595.37M in revenue.
QEP Resources, Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.16. The analysts’ present consensus range is $-0.25-$-0.04 for EPS. The market consensus range for revenue is between $387.03M and $486.2M, with an average of $437.51M.
QEP Resources, Inc. (NYSE:QEP) last ended at $17.86, sending the company’s market cap near $4.28B. The consensus 12-month price target from analysts covering the stock is $25. The share price has declined -15.44% from its top level in 52 weeks and advanced -2.99% this year. It recently traded in a range of $17.8-$18.31 at a volume of 4722035 shares. The recent trading ended with the price nearly -7.12 lower for the last 5 trading days, rebounding 109.13% from its 52-week low.