Is a Beat in Store for Hess (HES) This Earnings Season?

Zacks04-19

Hess Corporation HES is set to report first-quarter 2024 results on Apr 25. In the last reported quarter, Hess beat the Zacks Consensus Estimate for the bottom line on higher oil equivalent production...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs a Beat in Store for Hess (HES) This Earnings Season?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 18:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/beat-store-hess-hes-earnings-105600088.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hess Corporation HES is set to report first-quarter 2024 results on Apr 25.\nIn the last reported quarter, Hess beat the Zacks Consensus Estimate for the bottom line on higher oil equivalent production...</p>\n\n<a href=\"https://finance.yahoo.com/news/beat-store-hess-hes-earnings-105600088.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AR","symbol_name":"Antero Resources Corp","start_time":0,"source_url":"https://finance.yahoo.com/news/beat-store-hess-hes-earnings-105600088.html","article_id":"2428065947","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Bb3HhzvR12atkV.H1bCxmg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f2386bab33b7b86b8371993cc9af867a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428065947","pubTimestamp":1713524160,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Hess Corporation HES is set to report first-quarter 2024 results on Apr 25.In the last reported quarter, Hess beat the Zacks Consensus Estimate for the bottom line on higher oil equivalent production volumes. It surpassed the Zacks Consensus Estimate in each of the last four quarters, the average being 17.5%.Let’s see how things have shaped up prior to this announcement.The Zacks Consensus Estimate forfirst-quarter earningsper share of $1.74 has witnessed no downward revision and two upward revisions in the past 30 days. The estimated figure suggests an improvement of almost 54% from the prior-year reported number.Our proven model predicts an earnings beat for Hess this time around. The combination of a positiveEarnings ESPand a Zacks Rank #1 , 2  or 3  increases the chances of an earnings beat. This is just the case here.EOG Resources, Inc. EOG currently has an Earnings ESP of +1.10% and a Zacks Rank #3. You can seethe complete list of today’s Zacks #1 Rank stocks here.Antero Resource","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AR":"Antero Resources Corp","ENB":"安桥","EOG":"依欧格资源","HES":"赫斯"},"translate_title":"赫斯（Hess）在这个财报季会有一个好消息吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HES":1,"AR":0.9,"ENB":0.9,"EOG":0.9},"content_text":"Hess Corporation HES is set to report first-quarter 2024 results on Apr 25.\nIn the last reported quarter, Hess beat the Zacks Consensus Estimate for the bottom line on higher oil equivalent production volumes. It surpassed the Zacks Consensus Estimate in each of the last four quarters, the average being 17.5%.\n\nHess Corporation Price and EPS Surprise\n  \nHess Corporation price-eps-surprise | Hess Corporation Quote\n\nLet’s see how things have shaped up prior to this announcement.\nTrend in Estimate Revision\nThe Zacks Consensus Estimate for first-quarter earnings per share of $1.74 has witnessed no downward revision and two upward revisions in the past 30 days. The estimated figure suggests an improvement of almost 54% from the prior-year reported number.\nThe consensus estimate for first-quarter revenues of $2.9 billion indicates a 16.5% increase from the year-ago reported figure.\nWhat the Quantitative Model Suggests\nOur proven model predicts an earnings beat for Hess this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is just the case here.\nEarnings ESP: Hess has an Earnings ESP of +10.21%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.\nZacks Rank: The company currently carries a Zacks Rank #2.\nFactors Driving the Better-Than-Expected Earnings\nPer data provided by the U.S. Energy Information Administration, the average spot West Texas Intermediate crude oil prices per barrel in January, February and March were $74.15, $77.25 and $81.28, respectively, compared with $78.12, $76.83 and $73.28 in the year-ago months.\nOn the production front, we expect HES, a leading global independent exploration and production company, to produce 4% year-over-year higher daily oil equivalent volumes in the first quarter.\nThus, favorable commodity prices and production are likely to have aided the upstream player’s bottom line.\nOther Stocks to Consider\nHere are some other firms that you may want to consider, as these, too, have the right combination of elements to post an earnings beat in the upcoming quarterly reports:\nEOG Resources, Inc. EOG currently has an Earnings ESP of +1.10% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.\nEOG Resources is scheduled to release first-quarter earnings on May 2. The Zacks Consensus Estimate for EOG’s quarterly earnings is pegged at $2.73 per share, implying a 1.5% increase from the prior-year reported figure.\nAntero Resources AR presently has an Earnings ESP of +1,579.97% and a Zacks Rank #3.\nAntero Resources is scheduled to release first-quarter earnings on Apr 24. The Zacks Consensus Estimate for AR’s quarterly earnings is pegged at break-even per share, indicating a 100% decline from the prior-year reported number.\nEnbridge Inc. ENB currently has an Earnings ESP of +2.44% and a Zacks Rank #3.\nEnbridge is scheduled to release first-quarter earnings on May 10. The Zacks Consensus Estimate for ENB’s quarterly earnings is pegged at 59 cents per share, indicating a 6.4% decrease from the prior-year reported figure.\nStay on top of upcoming earnings announcements with the Zacks Earnings Calendar.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nHess Corporation (HES) : Free Stock Analysis Report\nEOG Resources, Inc. (EOG) : Free Stock Analysis Report\nEnbridge Inc (ENB) : Free Stock Analysis Report\nAntero Resources Corporation (AR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428065947"}