Income is down in a big way:
“Market participants will be closely following the financial results of APA in its upcoming release. The company is forecasted to report an EPS of $0.58, showcasing a 50.43% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.88 billion, down 32.49% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.01 per share and a revenue of $8.11 billion, indicating changes of -20.16% and -16.74%, respectively, from the former year.”