Benzinga | Jul 29, 2021 10:42AM EDT

Earnings Outlook For Cabot Oil & Gas

Cabot Oil & Gas (NYSE:COG) announces its next round of earnings this Friday, July 30. Here is Benzinga's everything-that-matters guide for this Friday's Q2 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Cabot Oil & Gas EPS will likely be near $0.31 while revenue will be around $447.14 million, according to analysts. Cabot Oil & Gas earnings in the same period a year ago was $0.05 per share. Quarterly sales came in at $332.35 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to report earnings in line when it publishes results Friday, quarterly profit would be up 520.0%. Revenue would be up 34.54% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 0.35 0.21 0.07 0.02EPS Actual 0.38 0.26 0.09 0.05Revenue Estimate 471.50 M 417.46 M 349.12 M 304.04 MRevenue Actual 459.68 M 456.78 M 291.04 M 332.35 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Over the past 52-week period, shares of Cabot Oil & Gas have declined 15.29%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Cabot Oil & Gas is scheduled to hold the call at 08:30:00 ET and can be accessed here.