APA Shares Fall as Investors Look Ahead to Earnings
The oil and gas producer lagged the broader market, while Zacks consensus forecasts call for higher quarterly earnings and revenue.
APA shares fell 1.54% to $41.54 in the latest session, a steeper decline than the S&P 500's 0.25% loss. The Dow slipped 0.86%, while the Nasdaq gained 0.24%.
Over the past month, APA lost 4.76%, compared with a 0.62% decline for the Oils-Energy sector and a 0.42% drop in the S&P 500.
APA, an oil and natural gas producer, is approaching its next earnings report. Zacks consensus estimates call for earnings of $1.18 a share, up 26.88% from a year earlier, and revenue of $2.17 billion, up 7.48%.
For the annual period, Zacks estimates earnings of $5.80 a share and revenue of $8.94 billion. Those forecasts represent changes of +53.85% and -3.02%, respectively, from the prior year.
The consensus earnings-per-share forecast has risen 4.72% over the past 30 days, Zacks said.
This article was produced with the help of AI technology.
Source: Yahoo Finance
