Cabot (COG) Q2 Earnings Miss Estimates, Sales Top

An Earnings Miss: U.S. energy firm Cabot Oil & Gas Corporation COG reported earnings per share (excluding special items) of 13 cents, missing the Zacks Consensus Estimate of 19 cents.

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been revised upward by a penny in the last seven days.

Coming to earnings surprise history, Cabot is on a bit of a slippery surface. Before posting the earnings miss in Q2, the company missed the Zacks Consensus Estimate twice in last four reports, as shown in the chart below.

Cabot Oil & Gas Corporation Price and EPS Surprise

View photos

Cabot Oil & Gas Corporation Price and EPS Surprise | Cabot Oil & Gas Corporation Quote

Revenue Beat: Revenues of $453.4 million beat the Zacks Consensus Estimate of $376 million.

Key Stats: Cabot’s overall production during the quarter totaled 172.4 billion cubic feet equivalent (Bcfe) – 100% gas – marginally lower than the prior year quarter volume of 173.1 Bcfe. The average realized natural gas price fell to $2.11 from the year-ago quarter to $2.38 per thousand cubic feet.

Zacks Rank: Currently, Cabot carries a Zacks Rank #3 (Hold).

(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)

Check back later for our full write up on this Cabot earnings report later!

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

Leave a Reply

Your email address will not be published. Required fields are marked *