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Cabot Oil & Gas: Are You Ready for Its 1Q17 Earnings?

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Cabot Oil & Gas: Are You Ready for Its 1Q17 Earnings? PART 1 OF 5

Cabot Oil & Gas: What to Expect from Its 1Q17 Earnings

1Q17 revenue estimates

Cabot Oil & Gas (COG) will release its 1Q17 earnings on April 28, 2017, before markets open. Its 1Q17 revenue estimates stand at ~$465 million. The company’s revenue was ~$282 million in 1Q16.

In 4Q16, Cabot Oil & Gas reported revenue of ~$317 million. Wall Street analysts’ consensus revenue estimate was ~$355 million.

Cabot Oil &#038; Gas: What to Expect from Its 1Q17 Earnings

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In the above graph, you can see that Cabot Oil & Gas’s revenue estimates are way higher than previous quarters. In 4Q16, its revenue was less than expected. Investors will watch to see how things unfold for the company in 1Q17.

1Q17 EPS estimates

Cabot Oil & Gas’s 1Q17 EPS (earnings per share) estimate is $0.16. In 4Q16, its adjusted EPS was $0.01. Wall Street analysts’ consensus estimate was  ~$0.02. In comparison, its 1Q16 EPS was -$0.13.

Analysts expect the company’s 1Q17 earnings to rise significantly compared to previous quarters.

Cabot Oil & Gas’s peers Rice Energy (RICE), Chesapeake Energy (CHK), and Noble Energy (NBL) are expected to report 1Q17 EPS of $0.23, $0.19, and -$0.14, respectively. These companies account for 6.2% of the iShares US Oil and Gas Exploration and Production ETF (IEO).

Fiscal 2016 revenue and earnings recap

For fiscal 2016, Cabot Oil & Gas reported adjusted EPS of -$0.21. The comparable earnings in 2015 were $0.13 per share. The company’s 2016 revenue came in at ~$1.2 billion—compared to ~$1.4 billion in 2015.

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