Coterra Energy (CTRA) Beats Q1 Earnings Estimates

Group 1: Company Performance - Coterra Energy reported quarterly earnings of $0.80 per share, exceeding the Zacks Consensus Estimate of$0.78 per share, and up from $0.51 per share a year ago, representing an earnings surprise of 2.56$1.9 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.89%, compared to $1.43 billion in the same quarter last year [2] - Cabot has surpassed consensus EPS estimates two times over the last four quarters, while it has topped consensus revenue estimates just once [2] Group 2: Market Outlook - The sustainability of Cabot's stock price movement will depend on management's commentary during the earnings call and future earnings expectations [3] - The current consensus EPS estimate for Cabot is$0.60 on $1.84 billion in revenues for the coming quarter, and$2.78 on $7.85 billion in revenues for the current fiscal year [7] - The Zacks Industry Rank for Oil and Gas - Exploration and Production - United States is currently in the bottom 18% of over 250 Zacks industries, indicating potential challenges for stock performance [8] Group 3: Estimate Revisions - The estimate revisions trend for Cabot is mixed, leading to a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]