Canadian Natural Resources Ltd reports results for the quarter ended in March - Earnings Summary

• Canadian Natural Resources Ltd CNQ reported quarterly adjusted earnings of C$1.37​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of C$1.69. The mean expectation of eleven analysts for the quarter was for earnings of C$1.47 per share. Wall Street expected results to range from $1.36 to C$1.72 per share.

• Revenue fell 4.5% to C$8.24 billion from a year ago; analysts expected C$8.42 billion.

• Canadian Natural Resources Ltd's reported EPS for the quarter was 91 cents​.

• The company reported quarterly net income of C$987 million.

• Canadian Natural Resources Ltd shares had fallen by 0.9% this quarter and gained 17.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.5% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Canadian Natural Resources Ltd is C$114.50

This summary was machine generated from LSEG data May 3 at 09:59 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)