Could Encana’s Profits Rise in 1Q18?

Encana (ECA) is expected to report its 1Q18 earnings on April 30, 2018, before the market opens. In 1Q18, excluding any one-time items, Wall Street analysts’ net income estimate for Encana is ~$154 million, ~48% higher than its 1Q17 adjusted net income of ~$104 million. Excluding one-time items, ECA’s 1Q18 net income estimate is also ~35% higher than its net income of ~$114 million in 4Q17. Based on analysts’ net income estimate, ECA is expected to see an eighth consecutive quarter of profit in 1Q18. Encana’s 1Q18 earnings per share estimates