Stock Monitor: Earnings & Estimates for Hess Corporation (NYSE:HES)


Investors and analysts will be paying close attention when the company posts earnings results. Earnings numbers can provide insight into a company’s overall profitability. Covering equity analysts are expecting Hess Corporation (NYSE:HES) to post quarterly EPS of $-1.1. 

When a company releases earnings information, the results have the possibility of causing short-term stock movements whether the company misses or beats projections. Prior to the company’s earnings report, investors may be tracking directional trends of provided estimates. The company most recently reported a previous quarter earnings per share of $-1.11. The Zacks Research consensus before the earnings release was $-1.26.

The gap between the estimate and actual was $0.15 which created a surprise factor of 11.9%. The current mean price target on the stock is $67.181 which includes 11 analysts that were polled by Zacks Research. The high end target price has shares touching $85 and the low end target estimate has the stock moving to $55 within the year. Zacks Research also uses a numerical ratings scale that spans from 1 to 5. Using this rating scale, a 1 would represent a Strong Buy, and a 5 rating would represent a Strong Sell rating. Combining all the ratings on Hess Corporation (NYSE:HES), the current mean is sitting at 2.21.

Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position. 

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