This quarterly report represents an surprise of 950%. A quarter ago, it was expected that this independent oil and gas company would post of $0.06 per share when it actually produced a loss of $0.10, delivering a surprise of -266.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
QEP Resources, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $225.80 million for the quarter ended March 2020, missing the Zacks Consensus Estimate by 16.82%. This compares to year-ago revenues of $280.60 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future expectations will mostly depend on management's commentary on the call.
QEP Resources shares have lost about 87.8% since the beginning of the year versus the S&P 500's decline of -11.4%. source zacks