Benzinga | Apr 27, 2021 10:41AM EDT

Earnings Preview for Antero Resources

Antero Resources (NYSE:AR) unveils its next round of earnings this Wednesday, April 28. Get prepared with Benzinga's ultimate preview for Antero Resources's Q1 earnings.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Sell-side analysts expect Antero Resources's EPS to be near $0.54 on sales of $1.20 billion. In the same quarter last year, Antero Resources reported EPS of $0.13 on revenue of $1.32 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The analyst consensus estimate would represent a 515.38% increase in the company's EPS figure. Revenue would have fallen 8.88% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q4 2021 Q3 2020 Q2 2020 Q1 2020EPS Estimate 0.06 -0.10 -0.15 0.02EPS Actual -0.03 0.05 -0.37 -0.13Revenue Estimate 1.07 B 997.79 M 934.25 M 945.27 MRevenue Actual 1.31 B 380.59 M 484.91 M 1.32 B

Stock Performance

Shares of Antero Resources were trading at $9.52 as of April 26. Over the last 52-week period, shares are up 293.29%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Antero Resources is scheduled to hold the call at 11:00:00 ET and can be accessed here.