Crescent Point Energy Corp expected to post earnings of 41  cents a share - Earnings Preview

Veren

24/07/2023 16:37

* Crescent Point Energy Corp  CPG.TO   is expected to show a
fall
in quarterly revenue when it reports  results on July 26. 
    * The Calgary Alberta-based  company is expected to report 
a
4.4% decrease in revenue to C$938.55 million from C$981.4
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Crescent Point
Energy
Corp is for earnings of 41 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Crescent
Point
Energy Corp is C$13​, above​ its last closing price of C$10.24.
​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.93        0.94       0.86      Missed  -8.9
 Dec. 31 2023  0.93        0.94       1.05      Beat    12
 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.        0.92        0.90       0.73      Missed  -18.4
 31 2022                                                
 Dec. 31 2021  0.74        0.75       0.84      Beat    11.4​
 Sep. 30 2021  0.68        0.67       0.71      Beat    5.8
 Jun. 30 2021  0.60        0.62       0.49      Missed  -20.5
 This summary was machine generated July 24 at 15:37 GMT.  All
figures in Canadian dollars  unless otherwise stated