Benzinga | May 6, 2021 10:08AM EDT

Northern Oil & Gas Earnings Preview

On Friday, May 07, Northern Oil & Gas (AMEX:NOG) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

What Are Earnings, Net Income, 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

Northern Oil & Gas earnings will be near $0.6 per share on sales of $135.87 million, according to analysts. In the same quarter last year, Northern Oil & Gas reported earnings per share of $0.04 on sales of $130.20 million.

Why Analyst Estimates And Earnings Surprises Are Important

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 1400.0% increase in the company's EPS figure. Revenue would be up 4.36% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past: Quarter Q4 2021 Q3 2020 Q2 2020 Q1 2020EPS Estimate 0.66 0.38 0.03 0.03EPS Actual 0.64 0.51 0.02 0.04Revenue Estimate 129.28 M 106.21 M 93.27 M 152.41 MRevenue Actual 99.51 M 73.68 M 20.66 M 130.20 M

Stock Performance

Shares of Northern Oil & Gas were trading at $15.79 as of May 05. Over the last 52-week period, shares are up 1921.68%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

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