SM Energy is drawing heavy investor attention, with the Zacks Consensus Estimate for the current quarter now at $1.90 per share, up 5.4% over the last 30 days and implying a 42.9% increase from the year-ago quarter. For the current fiscal year, the consensus earnings estimate of $7.48 points to a 38% change from the prior year and has risen 3.8% over the past month, while the next fiscal year's estimate of $8.24 indicates a 10.1% change and has moved up 1.5% over the past month. Revenue forecasts are also climbing: the current-quarter consensus sales estimate of $1.98 billion implies a 143.4% year-over-year change, with current and next fiscal year estimates of $7.47 billion and $7.6 billion indicating changes of 137% and 1.7%, respectively. In its last reported quarter, SM Energy posted revenues of $2.5 billion, a 215.3% year-over-year change and a 24.54% surprise versus the Zacks Consensus Estimate of $2.01 billion, while EPS of $2.19 compared with $1.5 a year ago and delivered a 13.47% surprise. The company beat consensus EPS estimates in each of the trailing four quarters and topped consensus revenue estimates twice over that period, and it carries a Zacks Rank #3 (Hold) along with a Zacks Value Style Score of A.
SM Energy CoRising consensus earnings and revenue estimates, plus recent EPS/revenue beats, point to improving financial performance for SM Energy.
