Crescent Point Energy Corp expected to post earnings of 35 cents a share - Earnings Preview

Veren

08/05/2024 13:53

* Crescent Point Energy Corp  CPG.TO   is expected to show a
rise
in quarterly revenue when it reports  results on May 10 for the
period ending March 31 2024
    * The Calgary Alberta-based  company is expected to report a
18.8% increase in revenue to $986.79 million from $830.6 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Crescent Point Energy
Corp is
for earnings of 35 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Crescent
Point
Energy Corp is C$14.00​, above​ its last closing price
of C$12.15. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.98        0.98       1.08      Beat    10.7
 Sep. 30 2023  1.26        1.24       1.21      Missed  -2.7
 Jun. 30 2023  0.96        1.01       0.84      Missed  -17.2​
 Mar. 31 2023  0.93        0.94       0.86      Missed  -8.9
 ​​Dec.        0.93        0.94       1.05      Beat    12
 31 2022                                                
 Sep. 30 2022  0.99        1.05       1.14      Beat    8.3​
 Jun. 30 2022  1.00        1.00       0.92      Missed  -7.7
 Mar. 31 2022  0.92        0.90       0.73      Missed  -18.4
 This summary was machine generated May 8 at 12:52 GMT.  All
figures in Canadian 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)