Hess (HES) Surpasses Q4 Earnings and Revenue Estimates

Company Performance - Hess reported quarterly earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of$ 1.51 per share, and up from $1.63 per share a year ago, representing an earnings surprise of 16.56% [1] - The company posted revenues of$ 3.23 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.38%, compared to $3.04 billion in the same quarter last year [2] - Over the last four quarters, Hess has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Movement and Outlook - Hess shares have increased approximately 9.1% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at$ 1.81 for the coming quarter and $7.69 for the current fiscal year [7] - The estimate revisions trend for Hess is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Oil and Gas - Integrated - United States industry is currently ranked in the bottom 46% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]