Sometimes, the market experiences a new turn of events, creating opportunities for investors who know what to watch out for in their market scans. Of course, these plays only become obvious when it is too late to act upon them.
HES' first-quarter earnings gain on sustained crude oil and higher NGL production. Increased total costs and expenses partially offset the positives.
Hess (HES) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $3.16 per share a year ago.
Healthier crude oil prices are likely to have aided Hess' earnings in Q1.
Hess (HES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hess Corporation remains a compelling stock due to its strong financial positioning, strategic expansion in Guyana, and undervaluation, suggesting significant upside potential. HES demonstrated resilient growth in Q4 2024 with a 6.4% YoY revenue increase, driven by high production rates and strategic pricing. Despite geopolitical risks and potential economic overreliance on oil in Guyana, HES's diversified operations and strong balance sheet provide stability and growth opportunities.
Hess has transformed into a focused E&P company, with significant assets in Bakken shale and a 30% stake in Guyana's mega-discovery. The Chevron acquisition offers Hess shareholders a 14% stake in a larger entity, higher dividends, and enhanced stability and scale. Despite market volatility, Hess maintains strong financials, with a projected revenue plateau of $12-13 billion and high profitability from Guyana assets.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Hess (HES) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Hess (HES) reported earnings 30 days ago. What's next for the stock?
If price action is any indication of where the market stands on a stock or group of stocks, then there are a few names that have shown investors where their potential may lie in the coming quarters. By breaking out the way they have recently, chances are that more capital and attention will start to flow into them, bringing even higher returns to shareholders.