$0.39 EPS Expected for Equinor ASA (EQNR) This Quarter

Wall Street brokerages predict that Equinor ASA (NYSE:EQNR) will post $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Equinor ASA’s earnings. Equinor ASA reported earnings of $0.45 per share in the same quarter last year, which would indicate a negative year over year growth rate of 13.3%. The company is expected to announce its next earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that Equinor ASA will report full year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.97. For the next year, analysts expect that the company will report earnings of $1.80 per share, with EPS estimates ranging from $1.64 to $2.01. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Equinor ASA.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Tuesday, February 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). The firm had revenue of $22.44 billion during the quarter. Equinor ASA had a return on equity of 15.88% and a net margin of 9.47%.

Several analysts recently issued reports on the company. Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 25th. Macquarie downgraded Equinor ASA from an “outperform” rating to a “neutral” rating in a report on Thursday, February 14th. Zacks Investment Research raised Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 12th. Piper Jaffray Companies downgraded Equinor ASA from an “overweight” rating to a “neutral” rating in a report on Monday, February 11th. Finally, Credit Suisse Group downgraded Equinor ASA from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 23rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.36.

Shares of NYSE EQNR opened at $22.54 on Monday. The company has a market capitalization of $73.17 billion, a P/E ratio of 11.16 and a beta of 0.91. Equinor ASA has a 12-month low of $19.95 and a 12-month high of $28.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.44 and a current ratio of 1.57.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC bought a new stake in shares of Equinor ASA in the 4th quarter worth approximately $12,572,000. Stratos Wealth Partners LTD. bought a new stake in Equinor ASA during the 3rd quarter valued at $104,000. Putnam FL Investment Management Co. raised its stake in Equinor ASA by 5.8% during the 3rd quarter. Putnam FL Investment Management Co. now owns 155,215 shares of the company’s stock valued at $4,377,000 after acquiring an additional 8,508 shares in the last quarter. Morgan Stanley raised its stake in Equinor ASA by 5.2% during the 3rd quarter. Morgan Stanley now owns 229,851 shares of the company’s stock valued at $6,482,000 after acquiring an additional 11,375 shares in the last quarter. Finally, FMR LLC raised its stake in Equinor ASA by 97.8% during the 3rd quarter. FMR LLC now owns 12,473,728 shares of the company’s stock valued at $351,760,000 after acquiring an additional 6,167,423 shares in the last quarter. 5.45% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Company Profile

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Earnings History and Estimates for Equinor ASA (NYSE:EQNR)

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