From Nasdaq: 2025-05-07 21:30:00

ConocoPhillips is set to announce Q1 earnings on May 8, with analysts predicting $2.05 per share on $15.91B revenue, a 1% YoY increase. The company has strategically shifted to low-cost production, acquiring Marathon Oil for $22.5B. Despite global economic uncertainty, COP remains financially strong with $55B revenue in the last 12 months.

For traders, historical data can provide insights into post-earnings stock movements. COP has shown a 42% chance of positive 1D returns over the past 5 years, increasing to 45% over the last 3 years. Understanding correlations between 1D, 5D, and 21D returns can help traders make informed decisions to maximize returns.

To reduce risk and improve trade outcomes, traders can analyze correlations between short-term and medium-term stock returns post-earnings. By identifying pairs with high correlations, traders can strategically position themselves for profitable trades. The Trefis RV strategy has consistently outperformed its benchmark, offering investors strong returns on their investments.



Read more at Nasdaq: How Will ConocoPhillips’ Stock React To Its Upcoming Earnings?