Apache APA announces its next round of earnings this Wednesday, May 1. Here is Benzinga's everything-that-matters guide for the first-quarter earnings announcement.
Earnings and Revenue
Sell-side analysts expect Apache's EPS to be near 11 cents on sales of $1.65 billion.
In the same quarter last year, Apache reported EPS of 32 cents on revenue of $1.74 billion. If the company were to match the consensus estimate, earnings would be down 65.62 percent. Sales would be down 5.28 percent from the same quarter last year. Here's how the Apache's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 0.24 | 0.48 | 0.39 | 0.39 | 0.23 |
| EPS Actual | 0.31 | 0.63 | 0.5 | 0.32 | 0.33 |
Stock Performance
Shares of Apache were trading at $32.91 as of May 1. Over the last 52-week period, shares are down 19.63 percent. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Apache stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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