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Stock impact report

Ecopetrol (EC) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]

Ecopetrol S.A. American Depositary Shares (EC) 
Company Research Source: Yahoo! Finance
The stock's change was less than the S&P 500's daily gain of 2.53%. On the other hand, the Dow registered a gain of 3.57%, and the technology-centric Nasdaq increased by 2.95%. Shares of the oil and natural gas exploration company witnessed a loss of 12.8% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 3.81% and the S&P 500's gain of 0.66%. The investment community will be paying close attention to the earnings performance of Ecopetrol in its upcoming release. The company is slated to reveal its earnings on November 13, 2024. The company is expected to report EPS of $0.58, down 4.92% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.03 billion, down 7.46% from the year-ago period. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2 per share and a revenue of $32.31 billion, indicating changes of -15.97% and -2.6%, respectively, from the Show less Read more
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