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Monday, April 12, 2021

NYSE: APA: Apache Co. To Announce $1.01 Billion As Post-Quarterly Sales, Reports Zacks

According to Zacks Investment Research analysts, Apache Co. (NYSE: APA) is expected to announce $1.01 billion in sales for the ongoing fiscal quarter.

The company will reportedly announce its report on the quarterly earnings on Monday, 24th February. Till now, six expert analysts have submitted reports on the earnings of Apache Co. The lowest estimate stands at $960.21 million sales and the highest is estimated at $1.05 billion.

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Compared to last year, the earnings of this year show considerable change. Last year, the company posted its quarterly sales for the corresponding quarter as $1.70 billion. This suggests that the firm had a 40.6% negative yearly growth rate.

Apache Co. (NYSE: APA) Stock Analysis

Zacks Investment Research suggests that the company’s FY2020 sales will stand at $4.07 billion. The sales will approximately range from $3.85 – $4.42 billion. For the upcoming financial year, expert analysts suggest that the firm’s estimated sales will stand at $4.33 billion with the estimates varying from $4.07 to $4.73 billion.

The quarterly earnings report for the previous quarter was released on the 9th of November. The earnings stood at $0.16 EPS as opposed to the general consensus of $0.39. The company’s return on equity stood at -1.72% along with the net margin of 131.89%. The estimated income for the firm was marked at $989.16 million but it made $1.12 billion for the quarter.

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Apache Co. has recently been the subject of a lot of reports by research analysts. Some such as Morgan Stanley, Capital One Financial, Bank of America and so on among other equities posted reports on this firm over the last few months.

The average consensus rating of the company currently stands at “Hold” and the consensus on the target price is $15.71. Several hedge funds have also been involved in buying and selling of NYSE: APA shares recently.

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