Earnings Outlook for Black Stone Minerals
On Monday, November 02, Black Stone Minerals (NYSE: BSM) will release its latest earnings report. Here is Benzinga's outlook for the company.
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 Revenue
Sell-side analysts expect Black Stone Minerals's EPS to be near $0.16 on sales of $83.35 million. In the same quarter last year, Black Stone Minerals reported earnings per share of $0.32 on revenue of $137.37 million.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The analyst consensus estimate would represent a 50.0% decrease in the company's earnings. Sales would have fallen 39.32% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:
EPS Estimate | 0.17 | 0.18 | 0.27 | 0.29 |
EPS Actual | -0.07 | 0.34 | 0.17 | 0.32 |
Revenue Estimate | 84.64 M | 104.25 M | 127.23 M | 139.29 M |
Revenue Actual | 38.53 M | 183.05 M | 103.03 M | 137.37 M |
Stock Performance
Shares of Black Stone Minerals were trading at $6.17 as of October 29. Over the last 52-week period, shares are down 53.91%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Black Stone Minerals is scheduled to hold the call at 10:00:00 ET and can be accessed here.
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