Boston, MA 07/24/2014 (wallstreetpr) – Cabot Oil & Gas Corporation (NYSE:COG) is scheduled to unveil its financial performance for 2Q2014 today. The company will be joined by several other oil and gas companies reporting in the coming days.
As COG reports 2Q, focus is on revenue and profit, which have increased in the past quarters amid internal improvements in the company. On Wall Street, analysts expect the company to report growth in revenue and profit. As such, the consensus earnings expectation for 2Q is 25 cents per share on revenue of $519.7 million.
Earnings and revenue expectation
The 2Q consensus earnings estimate on Cabot Oil & Gas Corporation (NYSE:COG) reduced in the past one month in that it was 26 cents per share. However, even with the decline, the expected EPS remains greater than 22 cents that was the consensus estimate in the past three months. The company reported EPS of 21 cents in the same quarter last year.
If the anticipated revenue of $519.7 million is attained in 2Q, that will suggest 16 percent improvement from last year’s revenue that was $449.7 million.
Revenue at Cabot Oil & Gas Corporation (NYSE:COG) has increased in the last two quarters. It increased 13 percent in 4Q and 32 percent in the quarter before that. Similarly, profit has increased in the company in the last three quarters. Profit was up 20 percent in 1Q, up 91 percent in 4Q and increased 91 percent in 3Q.
For the full-year, analysts on the average expect EPS of $1.11 on revenue $2.30 billion.
Majority buy
Analysts on Wall Street believe that good times are still ahead of Cabot Oil & Gas Corporation (NYSE:COG). Out of the analysts covering, the stock, the majority at 78 percent recommend a Buy, which compared with 66 percent Buy recommendation on eight similar stocks.
Similar companies as Cabot Oil & Gas Corporation (NYSE:COG) reporting earnings in the coming days include Range Resources Corp. (NYSE:RRC) whose report is expected on July 28, where EPS is anticipated to increase 23 percent to 37 cents on a year-over-year basis.
