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What to Expect from Newfield Exploration

By Seth Jayson - Updated Apr 10, 2017 at 1:48PM

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Checking expectations

Newfield Exploration (NYSE: NFX) is expected to report Q1 earnings on April 24. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Newfield Exploration's revenues will compress -3.4% and EPS will shrink -51.6%.

The average estimate for revenue is $654.8 million. On the bottom line, the average EPS estimate is $0.44.

Revenue details
Last quarter, Newfield Exploration tallied revenue of $646.0 million. GAAP reported sales were 4.6% lower than the prior-year quarter's $677.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.28. GAAP EPS were -$10.41 for Q4 against $0.50 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 64.1%, 560 basis points worse than the prior-year quarter. Operating margin was 26.6%, 700 basis points better than the prior-year quarter. Net margin was -217.0%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.56 billion. The average EPS estimate is $1.77.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 322 members out of 346 rating the stock outperform, and 24 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Newfield Exploration a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Newfield Exploration is outperform, with an average price target of $38.38.

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Stocks Mentioned

Newfield Exploration Company Stock Quote
Newfield Exploration Company
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