Yahoo Finance What's in the Offing for National Fuel Gas' (NFG) Q4 Earnings?
National Fuel Gas Company NFG is slated to release fourth-quarter fiscal 2022 financial results on Nov 4. The company witnessed an earnings surprise of 4.8% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Consider
National Fuel Gas’ fiscal fourth-quarter earnings are expected to have benefited from the strong natural gas production and the revival in natural gas prices.
Fourth-quarter fiscal 2022 earnings are likely to have been impacted by higher DD&A expenses and increased O&M expenses in the Pipeline and Storage business.
Expectation
The Zacks Consensus Estimate for fourth-quarter fiscal 2022 earnings per share is pegged at $1.26, indicating a 32.6% rise from the year-ago quarter’s reported figure.
What the Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for National Fuel Gas this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here, as you will see below.
National Fuel Gas Company Price and EPS Surprise
National Fuel Gas Company price-eps-surprise | National Fuel Gas Company Quote
Earnings ESP: National Fuel Gas has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NFG sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same sector who have the right combination of elements to beat earnings in this reporting cycle.
Brookfield Renewable Partners BEP is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. BEP has an Earnings ESP of +28.57% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for BEP’s 2022 and 2023 earnings per unit indicates 62.3% and 132.9% year-over-year growth, respectively.
Ameren Corporation AEE is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. AEE has an Earnings ESP of +1.4% and a Zacks Rank #3 at present.
Ameren’s long-term (three to five-year) earnings growth is currently pegged at 7.2%. The Zacks Consensus Estimate for AEE’s 2022 and 2023 EPS indicates 6.2% and 7% year-over-year growth, respectively.
The AES Corporation AES is likely to come up with an earnings beat when it reports third-quarter results on Nov 4. AES has an Earnings ESP of +3.42% and a Zacks Rank #3 at present.
AES Corp.’s long-term earnings growth is currently pegged at 8.2%. The Zacks Consensus Estimate for AES’ 2022 and 2023 EPS indicates 5.9% and 10% year-over-year growth, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Ameren Corporation (AEE) : Free Stock Analysis Report
The AES Corporation (AES) : Free Stock Analysis Report
National Fuel Gas Company (NFG) : Free Stock Analysis Report
Brookfield Renewable Partners L.P. (BEP) : Free Stock Analysis Report
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