Earnings to watch: Diamondback Energy (FANG) reports Q1 results tomorrow.
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Earnings to watch: Diamondback Energy (FANG) reports Q1 results tomorrow. Oil and gas producer Diamondback Energy FANG will be reporting results this Monday after market close. Here's what investors should know. Diamondback Energy beat analysts' revenue expectations last quarter, reporting revenues of $3.38 billion, down 9% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts' EBITDA estimates but a significant miss of analysts' EPS estimates. It reported 47.17 million oil production, up 7.7% year on year. Is Diamondback Energy a buy or sell going into earnings? Read its full analysis here, it's free for active Edge members. This quarter, the market is expecting Diamondback Energy's revenue to decline 5.2% year on year, a reversal from the 81.8% increase it recorded in the same quarter last year. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing in majority downward revisions over the last 30 days. Diamondback Energy has a history of exceeding Wall Street's expectations. Looking at Diamondback Energy's peers in the upstream & integrated segment, some have already reported their Q1 results, giving TradingView, Inc. a hint as to what TradingView, Inc. can expect. Northern Oil and Gas's revenues decreased 11.1% year on year, beating analysts' expectations by 3.1%, and...
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