$0.31 EPS Expected for Equinor ASA (NYSE:EQNR) This Quarter

Analysts predict that Equinor ASA (NYSE:EQNR) will report earnings of $0.31 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Equinor ASA’s earnings. Equinor ASA reported earnings of $0.60 per share during the same quarter last year, which suggests a negative year over year growth rate of 48.3%. The firm is scheduled to report its next earnings report on Wednesday, October 23rd.

On average, analysts expect that Equinor ASA will report full year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.53 to $1.62. For the next financial year, analysts forecast that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.52 to $1.89. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Equinor ASA.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.07). Equinor ASA had a return on equity of 14.13% and a net margin of 10.94%. The firm had revenue of $17.10 billion for the quarter.

Several research firms have issued reports on EQNR. Zacks Investment Research raised shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Banco Santander raised shares of Equinor ASA to a “hold” rating in a research report on Monday, June 17th. Goldman Sachs Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 1st. Santander raised shares of Equinor ASA from an “underperform” rating to a “hold” rating in a research report on Monday, June 17th. Finally, HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.77.

NYSE EQNR traded down $0.47 on Friday, hitting $16.63. 2,107,873 shares of the stock were exchanged, compared to its average volume of 2,028,986. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.25. The business’s fifty day moving average is $18.13 and its 200 day moving average is $20.74. Equinor ASA has a 52 week low of $16.24 and a 52 week high of $28.93. The company has a market capitalization of $56.92 billion, a PE ratio of 8.23 and a beta of 0.92.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Equinor ASA by 68.5% in the 4th quarter. BlackRock Inc. now owns 79,268 shares of the company’s stock valued at $1,678,000 after purchasing an additional 32,232 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Equinor ASA by 6.9% during the 4th quarter. Bank of New York Mellon Corp now owns 88,623 shares of the company’s stock worth $1,877,000 after acquiring an additional 5,738 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Equinor ASA by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 54,919 shares of the company’s stock worth $1,161,000 after acquiring an additional 5,424 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Equinor ASA during the 1st quarter worth approximately $229,000. Finally, Virtu Financial LLC purchased a new stake in shares of Equinor ASA during the 1st quarter worth approximately $523,000. 5.61% of the stock is currently owned by institutional investors.

About Equinor ASA

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 Brazil; 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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