Earnings: Headquartered in New York, Hess Corporation’s (NYSE:HES) loss per share from continuing operations (excluding special items) came in at $1.01, wider than the Zacks Consensus Estimate of loss of 90 cents per share.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate of loss for the quarter has been revised narrower over the last 30 days.
Moreover, Hess has an impressive earnings surprise history. The company managed to beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 3.9%.
Revenue: Revenues of $1,296 million came above the Zacks Consensus Estimate of $1,293.8 million.
Key Stats: Quarterly hydrocarbon production was 300 thousand barrels of oil equivalent per day, down 3.5% year over year.
Worldwide crude oil realization per barrel of $55.44 (including the impact of hedging) up 20.6% year over year.
Zacks Rank: Currently, Hess has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter 2017 report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on this Hess Corporation earnings report later!
Hess Corporation (HES): Free Stock Analysis Report
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