Anadarko Petroleum Corporation
) will release its fourth quarter 2012 financial results after
market close on Feb 4, 2013. In the prior quarter, the oil and
gas company reported an earnings surprise of 10.53%. Anadarko
Petroleum currently has a Zacks Rank #3 (Hold). Let's see how
things are shaping up at Anadarko Petroleum prior to this
Factors to Consider This Quarter
In Dec 2012, Anadarko signed a Heads of Agreement with
) to develop offshore natural gas resources in Mozambique. The
agreement is in sync with Anadarko's strategy to develop
worldwide natural gas resources.
However, the depressed natural gas price environment in North
America is likely to have a negative impact on the performance of
Our proven model does not conclusively show that Anadarko
Petroleum is likely to beat earnings this quarter. That is
because a stock needs to have both a positive earnings Expected
Surprise Prediction (ESP) (Read:
Zacks Earnings ESP: A Better Method
) and a Zacks Rank of #1, 2 or 3 for this to happen. This is not
the case here.
: The Most Accurate estimate stands at 70 cents and the Zacks
Consensus Estimate is also in line at 70 cents, resulting in
Zacks Rank #3 (Hold)
: Anadarko's Zacks Rank #3 enhances the possibility of an
earnings surprise. However the 0.00% ESP complicates the
forecasting power making surprise prediction difficult.
We note that Anadarko registered an earnings surprise in the
last four quarters. Even so we caution investors against the
stock going into the earnings announcement, as a Zacks earnings
ESP of 0.00% lowers the possibility of an earnings surprise.
Other Stocks to Consider
ANADARKO PETROL (APC): Free Stock Analysis
BREITBURN EGY (BBEP): Free Stock Analysis
ENI SPA-ADR (E): Free Stock Analysis Report
REX ENERGY CORP (REXX): Free Stock Analysis
To read this article on Zacks.com click here.
Other companies you may want to consider on the basis of our
model which shows that they have the right combination of
elements to post an earnings beat this quarter are as follows:
Breitburn Energy Partners L.P.
) has earnings ESP of +4.35% and carries a Zacks Rank #1 (Strong
Rex Energy Corporation
) has earnings ESP of +25.00% and carries a Zacks Rank #3