Murphy Oil Corporation (NYSE:MUR) topped earnings-per-share estimates 75% of the time

Murphy Oil Corporation (NYSE:MUR) is projected to declare fiscal first quarter financial results right after the stock market’s official close on May 03, 2017. The stock lost about -17.4 percent in price since last results when it was at $32.18 a share. Based on the most relevant past-periods data, there is an 60.71 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 17 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 75% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 1 time.

Here’s how traders responded to MUR earnings announcements over the past few quarters.

Murphy Oil Corporation (MUR) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 16.61 percent over the past four quarters. Back on January 25, 2017, it posted earnings per-share earnings at $-0.16 which beat the consensus $-0.19 projection (positive surprise of15.79%. For the quarter, revenue came in at 505.84M versus consensus estimate of 481.36M. The stock dropped -3.36 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 26, 2016, it reported earnings at $-0.18 a share compared with the consensus estimate of $-0.21 per share (positive surprise of 14.29%). Revenue of 500.53M for that quarter was above the $485.46M analysts had expected. The stock retreated -7.1% the day following the earnings announcement, and on 7th day price change was -13.04%.

On July 27, 2016, it recorded $-0.36 a share in earnings which topped the consensus estimate of $-0.41 (positive surprise of 12.2%). Revenue for the quarter was $437.46M while analysts called for revenues to be $474.77M. The stock dropped -4.39% the day following the earnings data was made public, and on 7th day price change was -4.39%.

On May 4, 2016, it announced earnings per share at $-0.66 versus the consensus estimate of $-0.87 per share (positive surprise of 24.14%). That came on revenues of $430.3M for that period. Analysts had expected $446.29M in revenue.

Murphy Oil Corporation Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.01. The analysts’ present consensus range is $-0.23-$0.23 for EPS. The market consensus range for revenue is between $451M and $641.1M, with an average of $527.2M.

Murphy Oil Corporation (NYSE:MUR) last ended at $26.4, sending the company’s market cap near $4.55B. The consensus 12-month price target from analysts covering the stock is $32.59. The share price has declined -26.77% from its top level in 52 weeks and advanced -14.44% this year. It recently traded in a range of $26.2-$26.91 at a volume of 3451532 shares. The recent trading ended with the price nearly -6.48 lower for the last 5 trading days, rebounding 21.17% from its 52-week low.

 

Orlando Rodriquez: