Ecopetrol (NYSE:EC) is set to give its latest quarterly earnings report on Tuesday, 2022-11-08. Here’s what investors need to know before the announcement.
Analysts estimate that Ecopetrol will report an earnings per share (EPS) of $0.88.
Ecopetrol bulls will hope to hear the company to announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here’s a look at Ecopetrol’s past performance and the resulting price change:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.93 | 0.57 | 0.61 | |
| EPS Actual | 1.3 | 0.82 | 0.77 | 0.48 |
| Price Change % | -3.97% | -0.26% | 0.42% | -2.9% |
To track all earnings releases for Ecopetrol visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
