Earnings Outlook For Ecopetrol

Ecopetrol (NYSE:EC) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-13. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Ecopetrol will report an earnings per share (EPS) of $0.46.

The market awaits Ecopetrol's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings Track Record

In the previous earnings release, the company missed EPS by $0.10, leading to a 3.33% drop in the share price the following trading session.

Here's a look at Ecopetrol's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.52

0.57

0.54

0.53

EPS Actual

0.42

0.50

0.52

0.61

Price Change %

-3.0%

1.0%

-3.0%

1.0%

Tracking Ecopetrol's Stock Performance

Shares of Ecopetrol were trading at $7.5 as of November 11. Over the last 52-week period, shares are down 37.08%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analysts' Take on Ecopetrol

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Ecopetrol.

Analysts have provided Ecopetrol with 3 ratings, resulting in a consensus rating of Underperform. The average one-year ...