Valued at a market cap of $43.2 billion, Hess Corporation (HES) is an exploration and production company that explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The New York-based company is expected to announce its fiscal Q3 earnings results before the market opens on Wednesday, Oct. 30.
Ahead of this event, analysts project the oil and gas exploration company to report a profit of $2.20 per share, an increase of 34.2% from $1.64 per share in the year-ago quarter. Moreover, the company has consistently surpassed Wall Street's bottom-line estimates in the last four quarters. In Q2, the company reported an EPS of $2.62, which topped the consensus estimates by 5.7%.
