Core Insights - Crescent Energy (CRGY) is expected to report quarterly earnings of 890.87 million, which represents a 35.5% increase compared to the same quarter last year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 1.2%, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [3] Key Metrics Forecast - Analysts project 'Average daily net sales volumes - Natural Gas' to be 650.90 million cubic feet, up from 386 million cubic feet in the previous year [5] - The consensus for 'Average daily net sales volumes - Oil' is 99.69 million barrels, compared to 71 million barrels reported in the same quarter last year [5] - 'Average daily net sales volumes - Natural gas liquids' are forecasted to reach 46.00 million barrels, an increase from 30 million barrels in the prior year [6] Stock Performance - Over the past month, Crescent Energy shares have declined by 10.2%, while the Zacks S&P 500 composite has decreased by 1.8% [7] - Crescent Energy holds a Zacks Rank 2 (Buy), suggesting it is likely to outperform the overall market in the near future [7]
Crescent Energy (CRGY) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates