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Pampa Energia (PAM) to Report Q3 Earnings: What's in Store?

Zacks Equity Research

Pampa Energia S.A. PAM is slated to report third-quarter 2019 results on Nov 11, after market close. The company came up with a positive earnings surprise of 152.4% in the last reported quarter.

Let’s see how things have shaped up before the upcoming earnings announcement.

Factors to Consider

Despite an expected increase in customer volumes, lower demand from Pampa Energia’s commercial and industrial customers is likely to have lowered electricity distribution volumes in the third quarter. In addition, ongoing weakness in oil prices might have lowered contribution from the Oil and Gas segment in the third quarter.

The Zacks Consensus Estimate for third-quarter revenues and earnings per share is pegged at $855.7 million and ($2.06), indicating 1.5% and 31.6% improvement, respectively, from the year-ago reported figures.

Pampa Energia S.A. Price and EPS Surprise

Pampa Energia S.A. Price and EPS Surprise
Pampa Energia S.A. Price and EPS Surprise

Pampa Energia S.A. price-eps-surprise | Pampa Energia S.A. Quote

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What Our Quantitative Model Predicts

Our proven model does not conclusively predict an earnings beat for Pampa Energia this season. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is not the case here as you will see below.

Earnings ESP: The company’s Earnings ESP is 0.00%.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Pampa Energia currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stocks to Consider

Investors may consider the following companies from the energy space that have the right combination of elements to beat earnings estimates in the quarter to be reported:

Charah Solutions Inc. CHRA is scheduled to release third-quarter results on Nov 12. It has an Earnings ESP of +6.25% and a Zacks Rank #3.

Northern Oil and Gas Inc. NOG is scheduled to release third-quarter results on Nov 12. It has an Earnings ESP of +3.40% and a Zacks Rank #3.

Spire Inc. SR is scheduled to release fiscal fourth-quarter results on Nov 20. It has an Earnings ESP of +2.55% and a Zacks Rank #2.

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Pampa Energia S.A. (PAM) : Free Stock Analysis Report
 
Spire Inc. (SR) : Free Stock Analysis Report
 
Northern Oil and Gas, Inc. (NOG) : Free Stock Analysis Report
 
Charah Solutions, Inc. (CHRA) : Free Stock Analysis Report
 
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Zacks Investment Research