Canadian Natural Resources Ltd reports results for the quarter ended June 30 - Earnings Summary

• Canadian Natural Resources Ltd CNQ.TO reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of nine analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 56 cents to 80 cents per share.

• Revenue fell 3.9% to C$8.70 billion from a year ago; analysts expected C$7.97 billion.

• Canadian Natural Resources Ltd's reported EPS for the quarter was C$1.17​.

• The company reported quarterly net income of C$2.46 billion.

• Canadian Natural Resources Ltd shares had fallen by 0.2% this quarter and gained 1.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

This summary was machine generated from LSEG data August 7 at 02:14 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)