Countdown to ConocoPhillips (COP) Q1 Earnings: Wall Street Forecasts for Key Metrics

Core Viewpoint - ConocoPhillips (COP) is expected to report quarterly earnings of $1.99 per share, a 2$16.37 billion, reflecting a 13.1% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 19.1% over the past 30 days, indicating a reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenues - Sales and other operating revenues' to be $15.85 billion, indicating a year-over-year increase of 14.4$325.20 million, reflecting a decline of 22.8% from the prior year [5]. Sales and Operating Revenue Estimates - 'Sales and Other Operating Revenue - Natural gas liquids' is projected to reach $784.31 million, a 15.3$1.74 billion, indicating a decline of 7.6% from the previous year [6]. - 'Sales and Other Operating Revenues - Canada' is estimated at $993.19 million, a 6.1$1.61 billion, reflecting a 10.8% increase [7]. - 'Sales and Other Operating Revenues - Lower 48' is expected to reach $10.63 billion, indicating a 14.2$5.28, compared to $5.02 in the same quarter last year [10]. Stock Performance - Over the past month, ConocoPhillips shares have returned +2.3%, while the Zacks S&P 500 composite has changed by +11.5% [12].