Tellurian Files 8K - Other Events >TELL

Tellurian just reported results for the second quarter of 2024.

• Tellurian reported earnings per share of -4 cents. This met the analyst estimate for EPS of -4 cents.
• The company did not report any revenue for the quarter.

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New Fortress Energy came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of $0.09. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -555.56%. A quarter ago, it was expected that this company would post earnings of $0.60 per share when it actually produced earnings of $0.67, delivering a surprise of 11.67%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

New Fortress Energy, which belongs to the Zacks Oil and Gas - Integrated - International industry, posted revenues of $428.01 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 9.09%. This compares to year-ago revenues of $561.35 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

New Fortress Energy shares have lost about 54.9% since the beginning of the year versus the S&P 500's gain of 11.5%.

What's Next for New Fortress Energy?

While New Fortress Energy has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for New Fortress Energy: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $696.04 million in revenues for the coming quarter and $2.03 on $2.67 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Integrated - International is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Oils-Energy sector, Tellurian Inc. , has yet to report results for the quarter ended June 2024.

This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +63.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Tellurian Inc.'s revenues are expected to be $22.43 million, down 29.9% from the year-ago quarter.

Zacks Investment Research

Pembina Pipeline came out with quarterly earnings of $0.55 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this oil and gas transportation and services company would post earnings of $0.54 per share when it actually produced earnings of $0.54, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Pembina Pipeline, which belongs to the Zacks Oil and Gas - Production and Pipelines industry, posted revenues of $1.36 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 5.76%. This compares to year-ago revenues of $1.54 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Pembina Pipeline shares have added about 11.3% since the beginning of the year versus the S&P 500's gain of 9%.

What's Next for Pembina Pipeline?

While Pembina Pipeline has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Pembina Pipeline: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.58 on $1.49 billion in revenues for the coming quarter and $2.37 on $5.97 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Production and Pipelines is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Oils-Energy sector, Tellurian Inc. , has yet to report results for the quarter ended June 2024.

This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +63.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Tellurian Inc.'s revenues are expected to be $22.43 million, down 29.9% from the year-ago quarter.

Zacks Investment Research

Adams Resources & Energy came out with a quarterly loss of $0.87 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -314.29%. A quarter ago, it was expected that this oil and gas company would post a loss of $0.22 per share when it actually produced a loss of $0.19, delivering a surprise of 13.64%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Adams Resources, which belongs to the Zacks Oil and Gas - Refining and Marketing industry, posted revenues of $718.49 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 11.53%. This compares to year-ago revenues of $624.77 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Adams Resources shares have lost about 6.4% since the beginning of the year versus the S&P 500's gain of 9.9%.

What's Next for Adams Resources?

While Adams Resources has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Adams Resources: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.17 on $650.89 million in revenues for the coming quarter and -$0.53 on $2.66 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Refining and Marketing is currently in the bottom 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Tellurian Inc. , is yet to report results for the quarter ended June 2024.

This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +63.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Tellurian Inc.'s revenues are expected to be $22.43 million, down 29.9% from the year-ago quarter.

Zacks Investment Research