Comstock Resources(CRK) ZACKS·2025-04-23 15:07Core Viewpoint - Comstock Resources (CRK) is anticipated to report a significant year-over-year increase in earnings and revenues for the quarter ended March 2025, with the consensus outlook suggesting a positive impact on its stock price depending on actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on April 30, 2025, with a projected earnings per share (EPS) of 419.42 million, which is a 24.9% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised upward by 71.11% over the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for Comstock is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +12%, suggesting a strong likelihood of beating the consensus EPS estimate [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Comstock currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a high probability of exceeding EPS estimates [11]. Historical Performance - In the last reported quarter, Comstock had an expected EPS of 0.16, resulting in a surprise of +700% [12]. - Over the past four quarters, Comstock has surpassed consensus EPS estimates two times [13]. Industry Context - In the broader industry context, Northern Oil and Gas (NOG) is expected to report earnings of 558.35 million, up 5% from the previous year [17]. - Northern Oil and Gas has seen a 10.9% downward revision in its consensus EPS estimate over the last 30 days but has an Earnings ESP of 1.96%, suggesting a likelihood of beating the consensus EPS estimate [18].