The report will be for the fiscal Quarter ending Sep 2015. According to Zacks Investment Research, based on 9 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.18. The reported EPS for the same quarter last year was $1.29.
5 replies (most recent on top)
Wait for it. The negative earnings per share is due to the failure to complete asset sales. Yes the company looses money unless the company sells assets or taps into the credit facility. And in the current environment buyers do not exist for assets loosing money at any oil price. And like an oil well, the credit facility will eventually run dry.
Sorry, I meant change in earnings will be negative relative to last quarter that is.
Don't care what some guy with a crystal ball says. Earnings WILL be negative based on the cutbacks in production seen this year and the record high debt levels from supporting growing dividends and increasing buy backs. I will enjoy watching Mr. Piggy lose the value of his company and his share holdings.
And?
Earnings
Per Share
Consensus
EPS* Forecast
%
Surprise
Jun2015 07/30/15 0.07 0.05 40
Mar2015 04/30/15 -0.18 -0.19 5.26
Dec2014 01/29/15 0.6 0.62 -3.23
Sep2014 10/30/14 1.29