Concho Resources’ revenue trends
Concho Resources’ (CXO) 2Q16 revenue fell ~13.0% YoY (year-over-year). In comparison, its YoY revenue growth was -4.0% in 2Q15 and -7.0% in 1Q16.
The above graph shows that CXO’s year-over-year revenue growth has been negative since 1Q15. Analyst estimates indicate that CXO’s year-over-year growth will be ~11.0% in 3Q16.