APA's stock gains 1.27% as market falls, upcoming earnings report shows positive outlook.

From NASDAQ: 2024-06-28 18:15:20

In the latest trading session, APA (APA) closed at $29.44, up 1.27% from the previous day. The stock outperformed the S&P 500, which saw a 0.41% loss, while the Dow dropped 0.12% and the Nasdaq fell 0.71%. APA stock has declined by 2.22% over the past month, underperforming the industry’s loss of 1.17% and the S&P’s gain of 3.53%.

Investors are anticipating APA’s upcoming earnings report, with expected EPS of $1.19, a 40% increase year-over-year, and projected revenue of $2.37 billion, a 20.86% rise from the same quarter last year. Full-year estimates predict earnings of $4.47 per share and revenue of $9.19 billion, showing changes of -1.32% and +12.47% respectively.

Analyst estimates for APA have recently been modified, reflecting potential shifts in the company’s business outlook. Positive changes indicate a favorable view on the company’s performance and profitability, which can impact stock prices. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), incorporates these estimate changes to provide actionable ratings for investors.

APA’s valuation metrics include a Forward P/E ratio of 6.5, lower than the industry average of 10.16, suggesting the stock may be undervalued. The PEG ratio of 0.35 incorporates expected earnings growth, with the industry average at 1.16. The Oil and Gas – Exploration and Production – United States industry, part of the Oils-Energy sector, ranks in the top 28% of industries according to Zacks Industry Rank.

Stay updated on APA’s stock metrics through Zacks.com, including valuation ratios, industry rankings, and analyst estimates. Check for potential stock-moving information in the upcoming trading sessions.



Read more at NASDAQ: APA (APA) Gains As Market Dips: What You Should Know