Opinion

What’s The Outlook For The Bill Barrett Corporation (BBG)?

Bill Barrett Corporation (NYSE:BBG) is expected to announce second quarter financial results after market close (confirmed) on August 03, 2017. The company added about -15.3% percent in value since last earnings when it was at $3.59. Based on the most relevant historical data, there is a 58 percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved down 17 times out of last 29 quarters. It has topped earnings-per-share estimates 41% of the time in its last 12 earnings reports. It missed earnings on 6 occasions, and it has met expectations 1 time.

Bill Barrett Corporation (NYSE:BBG) Earnings Reaction History

Overall, the average earnings surprise was 16.05 percent over the past four quarters. It posted earnings per share at $-0.16 which topped the consensus $-0.25 projection (Positive surprise of 36.00%). Revenue came in at $50.42M versus consensus estimate of $53.46M. The stock gained 4.18% percent the day following the earnings was released, and on 7th day price change was 5.85% percent.

On March 02, 2017, it posted earnings per share at $-0.18 versus the consensus estimate of $-0.13 (Negative surprise of -38.50%). Revenue of $51.62M was below the $65.87M analysts had expected. The stock dropped -11.55% the day following the earnings was released, and on 7th day price change was -19.72%.

On November 03, 2016, it posted earnings per share at $-0.1, topped the consensus estimate of $-0.14 (Positive surprise of 28.60%). Revenue for the quarter was $50.48M while analysts had expected revenues to come in at $64.01M. The stock gained 8.68% the day following the earnings was released, and on 7th day price change was -1.69%.

On August 04, 2016, it posted earnings per share at $-0.13 compared with the consensus estimate of $-0.21 (Positive surprise of 38.10%). That came on revenues of $47.03M for the quarter. Analysts had expected $57.3M in revenue.

Bill Barrett Corporation (NYSE:BBG) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $-0.21. The analysts’ current consensus range is $-0.31-$-0.13 for EPS. The market consensus range for revenue is $51M-$58.6M, with an average of $55.5M.

Bill Barrett Corporation (NYSE:BBG) last closed at $3.23, sending the company’s market cap around $243.99M. The consensus 12-month price target from brokerage firms covering the stock is $5.53 . The share price has declined -60.80% from its best level in 52 weeks and advanced -53.79% this year. It recently traded in a range of $3.07-$3.25 at a volume of 1,115,923 shares. The stock ended last trading session with the price nearly 6.95% higher for the last 5 trading days, rebounding 17.45% from its 52-week low.

 

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