Benzinga | Aug 5, 2020 11:59AM EDT

Preview: EOG Resources's Earnings

EOG Resources (NYSE:EOG) releases its next round of earnings this Thursday, August 06. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

Earnings and Revenue

EOG Resources EPS is expected to be around $-0.05, according to sell-side analysts. Sales will likely be near $2.43 billion. In the same quarter last year, EOG Resources reported EPS of $1.310 on revenue of $4.70 billion. The Wall Street estimate would represent a 103.82% decline in the company's earnings. EOG Resources's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019EPS Estimate 0.67 1.15 1.13 1.33EPS Actual 0.55 1.35 1.13 1.31Revenue Estimate 3.98 B 4.39 B 4.41 B 4.46 BRevenue Actual 4.72 B 4.32 B 4.30 B 4.70 B

Stock Performance

Over the last 52-week period, shares are down 37.84%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. EOG Resources is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/eog/mediaframe/38933/indexr.html