WPX Energy, Inc. (WPX)Next Move

WPX Energy, Inc. (NYSE:WPX) is expected to announce second quarter financial results after market close (confirmed) on August 03, 2017. The company added about -18.8% percent in value since last earnings when it was at $11.72. 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 down 11 times out of last 19 quarters. It has topped earnings-per-share estimates 50% of the time in its last 12 earnings reports. It missed earnings on 6 occasions, and it has met expectations 0 time.

WPX Energy, Inc. (NYSE:WPX) Earnings Reaction History

Overall, the average earnings surprise was -4.15 percent over the past four quarters. Back on Jan 12, it posted earnings per share at $-0.15 which topped the consensus $-0.17 projection (Positive surprise of 11.80%). Revenue came in at $253M versus consensus estimate of $247.02M. The stock dropped -5.80% percent the day following the earnings was released, and on 7th day price change was 4.35% percent.

On February 22, 2017, it posted earnings per share at $-0.16 versus the consensus estimate of $-0.15 (Negative surprise of -6.70%). Revenue of $88M was above the $281.32M analysts had expected. The stock gained 1.21% the day following the earnings was released, and on 7th day price change was 0.53%.

On November 02, 2016, it posted earnings per share at $-0.17, topped the consensus estimate of $-0.18 (Positive surprise of 5.60%). Revenue for the quarter was $251M while analysts had expected revenues to come in at $257.59M. The stock gained 11.93% the day following the earnings was released, and on 7th day price change was 6.91%.

On August 03, 2016, it posted earnings per share at $-0.28 compared with the consensus estimate of $-0.22 (Negative surprise of -27.30%). That came on revenues of $138M for the quarter. Analysts had expected $255.62M in revenue.

WPX Energy, Inc. (NYSE:WPX) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $-0.15. The analysts’ current consensus range is $-0.22-$-0.08 for EPS. The market consensus range for revenue is $275.89M-$348.1M, with an average of $300.51M.

WPX Energy, Inc. (NYSE:WPX) last closed at $9.45, sending the company’s market cap around $3.62B. The consensus 12-month price target from brokerage firms covering the stock is $17.13 . The share price has declined -41.53% from its best level in 52 weeks and advanced -34.52% this year. It recently traded in a range of $9.41-$9.74 at a volume of 1,993,679 shares. The stock ended last trading session with the price nearly 4.49% higher for the last 5 trading days, rebounding 12.69% from its 52-week low.