$246.71 Million in Sales Expected for EP Energy Corporation (NASDAQ:EPEG) This Quarter

Wall Street brokerages expect EP Energy Corporation (NASDAQ:EPEG) to announce $246.71 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for EP Energy’s earnings, with the highest sales estimate coming in at $251.12 million and the lowest estimate coming in at $241.00 million. EP Energy posted sales of $329.00 million in the same quarter last year, which suggests a negative year over year growth rate of 25%. The firm is expected to report its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that EP Energy will report full year sales of $988.93 million for the current financial year, with estimates ranging from $974.00 million to $1.01 billion. For the next financial year, analysts expect that the business will report sales of $1.00 billion, with estimates ranging from $981.81 million to $1.02 billion. Zacks’ sales averages are an average based on a survey of analysts that cover EP Energy.

EP Energy (NASDAQ:EPEG) last posted its earnings results on Wednesday, May 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The firm had revenue of $229.00 million during the quarter, compared to analysts’ expectations of $231.58 million.

Separately, Zacks Investment Research cut shares of EP Energy from a “buy” rating to a “hold” rating in a research note on Tuesday.

NASDAQ EPEG opened at $0.06 on Friday. EP Energy has a 1 year low of $0.05 and a 1 year high of $3.49.

About EP Energy

EP Energy Corporation, an independent exploration and production company, engages in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. Its assets are located primarily in three areas, such as the Eagle Ford Shale in South Texas; Northeastern Utah in the Uinta basin; and the Permian basin in West Texas.

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