Crescent Point Energy Corp expected to post earnings of 47  cents a share - Earnings Preview

Veren

31/10/2023 13:34

* Crescent Point Energy Corp  CPG.TO   is expected to show a
fall
in quarterly revenue when it reports  results on November 2. 
    * The Calgary Alberta-based  company is expected to report 
a
10.2% decrease in revenue to C$1.044 billion from C$1.16 billion
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Crescent Point
Energy
Corp is for earnings of 47 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Crescent
Point
Energy Corp is C$14​, above​ its last closing price of C$11.02.
​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.93        0.94       1.05      Beat    12​
 Sep. 30 2022  0.99        1.05       1.14      Beat    8.3
 ​​Jun.        1.00        1.00       0.92      Missed  -7.7
 30 2022                                                
 Mar. 31 2022  0.92        0.90       0.73      Missed  -18.4​
 Dec. 31 2021  0.74        0.75       0.84      Beat    11.4
 Sep. 30 2021  0.68        0.67       0.71      Beat    5.8
 This summary was machine generated October 31 at 13:34 GMT.  All
figures in Canadian dollars  unless otherwise stated