Crescent Energy (NYSE: CRGY) is set to unveil its latest quarterly earnings report on March 4, 2024. Here are some key points for investors to keep in mind prior to the big reveal:
– Analysts are anticipating an earnings per share (EPS) of $0.15 for this quarter.
– It’s not just about beating the EPS estimate; investors should also pay attention to the guidance provided for future growth, as this can have a significant impact on stock prices.
– In the previous quarter, Crescent Energy exceeded the EPS estimate by $0.52, resulting in an 8.51% drop in share price the next day.
– Stock performance as of February 28 shows shares trading at $11.18, reflecting a 7.37% decline over the past year.
– With an Earnings ESP of -1.56%, predicting whether Crescent Energy will surpass the consensus EPS estimate is challenging.
In summary, while surpassing earnings estimates is important, investors should closely monitor Crescent Energy’s guidance and future growth forecasts, as these factors can greatly influence stock performance following the earnings release.
CRGY Stock Shows Positive Momentum with 1.07% Increase – March 1, 2024
On March 1, 2024, CRGY stock showed some positive momentum as it experienced a 1.07% increase in its share price. The stock opened at $11.30, which was $0.12 higher than its previous close. This increase in price is a good sign for investors, indicating that there is some bullish sentiment surrounding the stock. However, despite this increase, CRGY is still trading in the middle of its 52-week range and below its 200-day simple moving average. This suggests that the stock may not be experiencing strong upward momentum in the long term. Investors should be cautious when considering CRGY as an investment option. It is important to conduct thorough research and analysis before making any investment decisions.
CRGY Stock Analysis: Revenue Surges While Net Income Fluctuates
On March 1, 2024, CRGY stock had some interesting performances based on the financial data provided by CNN Money. The company’s total revenue stood at $3.06 billion for the past year, showing a significant increase of 106.98% compared to the previous year. Additionally, the total revenue for the last quarter was $642.40 million, marking a 30.48% increase since the previous quarter.
In terms of net income, CRGY reported a net income of $96.67 million for the past year. This represents a substantial increase of 598.94% compared to the previous year. However, the net income for the last quarter was -$52.87 million, indicating a significant decrease of 1126.4% since the previous quarter.
Furthermore, the earnings per share (EPS) for CRGY stock was $2.19 for the past year, showing a remarkable increase of 574.58% compared to the previous year. However, the EPS for the last quarter was -$0.67, reflecting a significant decrease of 739.11% since the previous quarter.
These financial indicators suggest that CRGY has experienced strong revenue growth over the past year, but there have been fluctuations in net income and EPS, particularly in the last quarter. Investors should closely monitor these financial metrics to assess the company’s performance and make informed investment decisions.
