Is A Beat In Store For Pioneer Natural (PXD) In Q3 Earnings?
Zacks Investment Research | Oct 29, 2017 10:24PM ET
Pioneer Natural Resources Company (NYSE:PXD) is scheduled to report third-quarter 2017 earnings on Nov 1, after the closing bell.
Last quarter, the company posted an average positive earnings surprise of 90.91%. Also, for the last four quarters, Pioneer Natural’s average positive surprise was 46.74%.
Which Way Are the Estimates Headed?
Let’s take a look at the estimate revision trend in order to get a clear picture of analyst opinion on the stock before the earnings release.
The Zacks Consensus Estimate of 29 cents for third-quarter earnings has been revised upward over the last 30 days, with eight firms being bullish and five firms taking a bearish stance. The consensus estimate reflects a year-over-year improvement of 120.8%.
Why a Likely Positive Surprise?
Our proven model shows that Pioneer Natural is likely to beat earnings because it has the right combination of two key ingredients.
Zacks ESP: Pioneer Natural’s Original post
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