On Wednesday, February 17, Bonanza Creek Energy (NYSE:BCEI) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
What Are Earnings, Net Income, And Earnings Per Share?Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And RevenueBonanza Creek Energy earnings will be near $0.84 per share on sales of $65.22 million, according to analysts. Bonanza Creek Energy reported a profit of $0.28 per share when it published results during the same quarter last year. Sales in that period totaled $79.67 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
View more earnings on BCEI
If the company were to match the consensus estimate when it reports Wednesday, EPS would be up 200.0%. Revenue would have fallen 18.13% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.77 | 0.54 | 1.06 | 1.28 |
| EPS Actual | 0.50 | 0.61 | 1.02 | 0.28 |
| Revenue Estimate | 62.98 M | 48.81 M | 66.87 M | 78.78 M |
| Revenue Actual | 58.86 M | 36.19 M | 60.41 M | 79.67 M |
Over the last 52-week period, shares of Bonanza Creek Energy are up 46.24%.
Do not be surprised to see the stock move on comments made during its conference call. Bonanza Creek Energy is scheduled to hold the call at 11:00:00 ET and can be accessed here.
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