California Resources Corp expected to post earnings of 78 cents a share - Earnings Preview

California Resources

03/08/2024 24:27

* California Resources Corp  CRC.N   CRC  is expected
to show a
fall in quarterly revenue when it reports  results on August 6
for the period ending June 30 2024
    * The Long Beach California-based  company is expected to
report a
22.3% decrease in revenue to $459.487 million from $591 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for California Resources
Corp is
for earnings of 78 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for California
Resources Corp is $63.00​, above​ its last closing price
of $47.40. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for Capital Expenditures between USD50 million and USD57
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.63        0.63       0.75      Beat    19
 Dec. 31 2024  0.93        0.91       0.93      Beat    1.8
 Sep. 30 2023  0.76        0.81       1.02      Beat    25.2​
 Jun. 30 2023  0.74        0.71       0.53      Missed  -25.7
 ​​Mar.        1.88        1.96       2.63      Beat    34.5
 31 2023                                                
 Jan. 1 0001   1.58        1.55       1.24      Missed  -19.8​
 Sep. 30 2022  1.45        1.41       1.45      Beat    2.9
 Jan. 1 0001   1.58        1.98       1.13      Missed  -43
 This summary was machine generated August 2 at 23:27 GMT.  All
figures in US 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)