Expectations:
The Wall Street consensus is that the company will report 83 cents per share, up 13.7% from a year ago when Anadarko Petroleum reported earnings of 73 cents per share. Over the past three months, the consensus estimate has increased from 64 cents. Analysts are expecting earnings of $4.02 per share for the fiscal year. The company's revenue is expected to beat the year-earlier total of $3.25 billion by 5.1% to finish at $3.42 billion for the quarter. The company is projected to report revenue of $14.66 billion for the fiscal year.
Performance: Revenue has climbed for four consecutive quarters. Revenue rose 34.4% to $3.54 billion in the fourth quarter of the last fiscal year. Looking back further, revenue increased 34.5% year-over-year in the third quarter of the last fiscal year, 43.4% in the second quarter of the last fiscal year, and 3.9% in the first quarter of the last fiscal year. Since January 26, 2012, the stock price has fallen 9% to $72.09 from $79.23. The stock saw one of its worst stretches when its price fell $3.64 per share between March 16, 2012 and March 21, 2012.
Ratings: The majority of analysts (83.3%) rate the stock as a buy. The company's nearest 10 competitors only average 58.3% buys. Analysts have grown pessimistic about the stock, as the number of buy ratings has dropped slightly over the past three months.
Earnings estimates provided by Zacks.
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