ConocoPhillips (NYSE:COP) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year

ConocoPhillips (NYSE:COP) came out with its annual results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It was a credible result overall, with revenues of US$56b and statutory earnings per share of US$7.81 both in line with analyst estimates, showing that ConocoPhillips is executing in line with expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for ConocoPhillips

Taking into account the latest results, the most recent consensus for ConocoPhillips from 15 analysts is for revenues of US$61.3b in 2025. If met, it would imply a meaningful 8.6% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to swell 18% to US$8.56. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$60.2b and earnings per share (EPS) of US$8.41 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The analysts reconfirmed their price target of US$132, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values ConocoPhillips at US$165 per share, while the most bearish prices it at US$114. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that ConocoPhillips' revenue growth is expected to slow, with the forecast 8.6% annualised growth rate until the end of 2025 being well below the historical 19% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.8% annually. So it's pretty clear that, while ConocoPhillips' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at US$132, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on ConocoPhillips. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for ConocoPhillips going out to 2027, and you can see them free on our platform here..

Plus, you should also learn about the 1 warning sign we've spotted with ConocoPhillips .

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.