Cobalt International Energy Earnings Preview: Get Ahead of the Analysts

Cobalt International Energy (NYSE:CIE) will report earnings before markets open on Tuesday, April 30th. Cobalt International Energy, Inc. is an oil-focused exploration and production company. The Company explores for oil in the deep offshore waters of the U.S. Gulf of Mexico and West Africa, with an emphasis on sub-salt and pre-salt exploration, development, and production.

Here is your Cheat Sheet to Cobalt International Energy Earnings:

Earnings Expectations: Analysts expect earnings of $-0.14 per share on revenues of $170.00K.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.14 to a loss $0.16. For the current year, the average estimate is a loss of $0.62, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Cobalt International Energy has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 0.00 0.00 0.00 0.00 0.00
Diluted EPS ($) -0.2386 -0.39 -0.35 -0.70

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 0.00 0.00 0.00 0.00 0.00
Diluted EPS ($) -0.1320 -0.09 -0.35 -0.10 -0.1636

Past Performance:
Cobalt International Energy has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)