Concho Resources’ revenue trends
The above graph shows that CXO’s YoY revenue growth has been negative since 4Q14. However, it has been showing signs of improvement, especially since 4Q15. That’s also evident from analysts’ estimate for 4Q16 of ~41.0% YoY revenue growth.
Analysts’ estimates indicate that CXO’s YoY revenue growth in 4Q16 would be positive for the first time since 4Q14.
CXO’s net profit margin has also been showing signs of improvement. It was -12.0% in 3Q16 compared to -61.0% in 2Q16.