EOG Resources, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

EOG Resources, Inc. (NYSE:EOG) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat expectations with revenues of US$5.8b arriving 4.7% ahead of forecasts. Statutory earnings per share (EPS) were US$2.70, 8.5% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on EOG Resources after the latest results.

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Taking into account the latest results, the current consensus from EOG Resources' 21 analysts is for revenues of US$24.3b in 2026. This would reflect a modest 7.1% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to increase 6.9% to US$10.90. Before this earnings report, the analysts had been forecasting revenues of US$24.3b and earnings per share (EPS) of US$10.85 in 2026. 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.

View our latest analysis for EOG Resources

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$137. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values EOG Resources at US$161 per share, while the most bearish prices it at US$114. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

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 EOG Resources' revenue growth is expected to slow, with the forecast 5.6% annualised growth rate until the end of 2026 being well below the historical 11% 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 2.9% annually. Even after the forecast slowdown in growth, it seems obvious that EOG Resources is also expected to grow faster than the wider industry.

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. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on EOG Resources. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple EOG Resources analysts - 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 EOG Resources .

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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.