QEP Resources, Inc. (NYSE:QEP) is expected to announce second quarter financial results after market close (confirmed) on August 02, 2017. The company added about -16.7% percent in value since last earnings when it was at $11.86. Based on the most relevant historical data, there is a 57 percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved up 15 times out of last 26 quarters. It has topped earnings-per-share estimates 91% of the time in its last 12 earnings reports. It missed earnings on 1 occasions, and it has met expectations 0 time.
QEP Resources, Inc. (NYSE:QEP) Earnings Reaction History
Overall, the average earnings surprise was 30.73 percent over the past four quarters. It posted earnings per share at $-0.14 which topped the consensus $-0.23 projection (Positive surprise of 39.10%). Revenue came in at $420.1M versus consensus estimate of $401.12M. The stock dropped -1.94% percent the day following the earnings was released, and on 7th day price change was -5.40% percent.
On February 22, 2017, it posted earnings per share at $-0.15 versus the consensus estimate of $-0.22 (Positive surprise of 31.80%). Revenue of $399.7M was above the $395.9M analysts had expected. The stock gained -13.51% the day following the earnings was released, and on 7th day price change was -15.81%.
On October 26, 2016, it posted earnings per share at $-0.21, topped the consensus estimate of $-0.24 (Positive surprise of 12.50%). Revenue for the quarter was $382.4M while analysts had expected revenues to come in at $358.23M. The stock gained 0.40% the day following the earnings was released, and on 7th day price change was 9.19%.
On July 27, 2016, it posted earnings per share at $-0.23 compared with the consensus estimate of $-0.38 (Positive surprise of 39.50%). That came on revenues of $333.7M for the quarter. Analysts had expected $362.17M in revenue.
QEP Resources, Inc. (NYSE:QEP) Earnings Expectations
In front of Q3 earnings release, Wall Street is expecting earnings per share of $-0.19. The analysts’ current consensus range is $-0.27-$-0.1 for EPS. The market consensus range for revenue is $392.99M-$447.4M, with an average of $421.97M.
QEP Resources, Inc. (NYSE:QEP) last closed at $9.93, sending the company’s market cap around $2.42B. The consensus 12-month price target from brokerage firms covering the stock is $17.83 . The share price has declined -52.98% from its best level in 52 weeks and advanced -46.06% this year. It recently traded in a range of $9.765-$10.17 at a volume of 4,100,781 shares. The stock ended last trading session with the price nearly 9.00% higher for the last 5 trading days, rebounding 13.10% from its 52-week low.