ConocoPhillips Enters Q3 Report With $3.05 EPS Forecast
Photo: TokenPost
ConocoPhillips is scheduled to release third-quarter results before U.S. markets open Thursday, Nov. 5, with analysts projecting earnings of $3.05 per share, an 89.4% increase from a year earlier. The revenue estimate stands at $18.96 billion. Forecast changes have leaned higher: earnings projections received 19 increases and two cuts, while revenue estimates had six increases and one reduction. The company’s business centers on oil and gas production, leaving its results directly exposed to commodity prices. Production growth and cost management are among the factors supporting the outlook ahead of the report.
Source: TokenPost
