ConocoPhillips Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
ConocoPhillips (NYSE:COP) is anticipated to report lower earnings for Q1 2024, with analysts forecasting a decrease in both earnings per share and revenue compared to the previous year. The company's Q4 revenue missed expectations, while adjusted EPS exceeded forecasts. Recent analyst ratings have varied, with price targets adjusted accordingly.
May 02, 2024 | 4:05 am
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NEGATIVE IMPACT
ConocoPhillips is projected to report lower Q1 earnings and revenue, with recent analyst ratings showing varied expectations and adjusted price targets.
The anticipation of lower earnings and revenue for ConocoPhillips, as reported, is likely to have a negative impact on the stock price in the short term. Analysts' adjustments to price targets and ratings reflect a cautious outlook on the stock, further influencing investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100