Exploring Analyst Estimates for EOG Resources (EOG) Q2 Earnings, Beyond Revenue and EPS

Wall Street analysts expect EOG Resources (EOG) to post quarterly earnings of $2.20 per share in its upcoming report, which indicates a year-over-year decline of 30.4%. Revenues are expected to be $5.43 billion, down 9.8% from the year-ago quarter.The current level reflects an upward revision of 4.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.Bearing this in mind, let's now explore the average estimates of specific EOG Resources metrics that are commonly monitored and projected by Wall Street analysts.The combined assessment of analysts suggests that 'Revenues- Natural gas' will likely reach $589.88 million. The estimate suggests a change of +94.7% year over year.The consensus estimate for 'Revenues- Crude Oil and Condensate' stands at $3.01 billion. The estimate suggests a change of -18.6% year over year.It is projected by analysts that the 'Revenues- Natural Gas Liquids' will reach $484.00 million. The estimate suggests a change of -6% year over year.The consensus among analysts is that 'Revenues- Gathering, Processing and Marketing' will reach $1.43 billion. The estimate suggests a change of -5.7% year over year.Based on the collective assessment of analysts, 'Crude Oil and Condensate Volumes per day - Total' should arrive at 502.78 thousands of barrels of oil. Compared to the present estimate, the company reported 490.70 thousands of barrels of oil in the same quarter last year.The collective assessment of analysts points to an estimated 'Natural Gas Volumes per day - Total' of . The estimate compares to the year-ago value of .Analysts expect 'Natural Gas Liquids Volumes per day - Total' to come in at 249.56 thousands of barrels of oil. The estimate compares to the year-ago value of 244.80 thousands of barrels of oil.The average prediction of analysts places 'Crude Oil Equivalent Volumes per day - Total' at 1,112.67 thousands of barrels of oil equivalent. Compared to the present estimate, the company reported 1,047.50 thousands of barrels of oil equivalent in the same quarter last year.Analysts' assessment points toward 'Total Production' reaching 101 thousands of barrels of oil equivalent. Compared to the current estimate, the company reported 95 thousands of barrels of oil equivalent in the same quarter of the previous year.According to the collective judgment of analysts, 'Average Natural Gas Liquids Prices per bbl - Composite' should come in at $21.34 . The estimate compares to the year-ago value of $23.11 .Analysts forecast 'Average Crude Oil and Condensate Prices per bbl - United States' to reach $65.33 . Compared to the current estimate, the company reported $82.71 in the same quarter of the previous year.Analysts predict that the 'Crude Oil and Condensate Volumes per day - United States' will reach 501.79 thousands of barrels of oil. The estimate compares to the year-ago value of 490.10 thousands of barrels of oil. View all Key Company Metrics for EOG Resources here>>> EOG Resources shares have witnessed a change of -5.3% in the past month, in contrast to the Zacks S&P 500 composite's +0.6% move. With a Zacks Rank #3 (Hold), EOG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want 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 EOG Resources, Inc. (EOG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks