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Ecopetrol Gears Up for Q2 Earnings: What's in Store?
Ecopetrol SA (NYSE: EC) is set to report second-quarter 2024 earnings on Aug 13, after the closing bell.
In the last reported quarter, the company's earnings of 50 cents per share missed the Zacks Consensus Estimate of 59 cents. EC's earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed the same twice, delivering an average negative surprise of 3.58%. This is depicted in the graph below.
Ecopetrol S.A. Price and EPS Surprise
Ecopetrol S.A. price-eps-surprise | Ecopetrol S.A. Quote
Estimate Trend
The Zacks Consensus Estimate for second-quarter earnings per share of 59 cents has witnessed one downward movement over the past 30 days. The estimated figure suggests an improvement of 31.1% from the year-ago quarter's reported number.
The Zacks Consensus Estimate for second-quarter revenues of $8.7 billion indicates an 11.7% increase from the year-ago reported figure.
Factors to Consider
According to the U.S. Energy Information Administration, the average spot prices ...