This week saw a flurry of economic and earnings reports, with
several well-known commodity firms posting both hits and misses.
Newmont Mining Corp.
) revenue and earnings came in below expectations, while
) beat forecasts. Independent oil and gas firm
Devon Energy Corp.
) beat EPS estimates by $0.10, though the company reported a loss
in the first quarter of $1.3 billion.
Below, we highlight four important commodity firms reporting
earnings next week:
): This independent oil and gas company is slated to report
earnings on Monday. Analysts expect earnings per share to come in
at $1.17, slightly higher than last month's estimate, but lower
than expectations three months ago. In Q4 of 2012, EPS came in at
$1.61. For the last three quarters, EOG Resources has beaten
analysts' earnings expectations. Revenues are expected to rise
slightly to $3.1 billion, as compared to last quarter's $3.0
Anadarko Petroleum Corp.
): Another independent oil and gas firm, Anadarko will also be
reporting on Monday, with analysts expecting a slight uptick in
earnings. Last quarter, EPS came in at $0.91 and for Q1, earnings
are forecasted to be around $0.93; for the past three months, EPS
estimates have increased. Revenues, however, are expected to
remain the same at $3.4 billion.
Marathon Oil Corp.
(MRO): This popular oil company is expected to report
first-quarter earnings on Tuesday. Analyst forecasts for earnings
are around $0.72 per share, which is significantly higher than
last quarter's $0.55 figure. Revenues are also expected to
increase to $4.6 billion, compared to last quarters $4.2
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(APA): Finishing out the week, this Texas-based company is slated
to report earnings on Friday. Analysts' earnings estimates have
decreased since three months ago, but are slightly higher than
last month's; EPS is now expected to come in at $2.20, down
slightly from last quarter's $2.27 figure. Revenues are also
expected to slightly decrease; analysts estimate revenue to be
$4.3 billion, compared to the fourth quarter's $4.4 billion