EOG Resources (EOG) closed the most recent trading day at $88.83, moving -0.39% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.26%. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the oil and gas company had gained 3.03% in the past month. In that same time, the Oils-Energy sector gained 2.9%, while the S&P 500 gained 4.82%.
EOG Resources will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.25, up 357.75% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.93 billion, up 99.82% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.79 per share and revenue of $18.92 billion. These totals would mark changes of +502.05% and +71.52%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for EOG Resources. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate…
