Crescent Energy Co reports results for the quarter ended in September 30 - Earnings Summary
05/11/2024 07:43
* Crescent Energy Co CRGY.N reported quarterly adjusted
earnings
of 39 cents per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -67 cents. The mean expectation of
eleven analysts for the quarter was for earnings of 29 cents per
share. Wall Street expected results to range from 6 cents to 57
cents per share.
* Revenue rose 16% to $744.87 million from a year ago;
analysts
expected $783.67 million.
* Crescent Energy Co's reported EPS for the quarter was a
loss
of 7 cents.
* The company reported a quarterly loss of $9.95 million.
* Crescent Energy Co shares had risen by 14.4% this
quarter and
lost 5.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 27.3%
in the last three months.
* In the last 30 days, five analysts negatively revised
earnings
estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"
Wall Street's median 12-month price target for Crescent Energy
Co is 16.00
This summary was machine generated from LSEG data November 5 at
07:42 a.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.29 0.39 Beat
Jun. 30 2024 0.28 0.50 Beat
Mar. 31 2024 0.18 -0.02 Missed
Dec. 31 2023 0.15 0.61 Beat