Workflow
Crescent Energy (CRGY) Q1 Earnings and Revenues Beat Estimates
CRGYCrescent Energy Co(CRGY) ZACKS·2025-05-05 23:35

Core Viewpoint - Crescent Energy (CRGY) reported quarterly earnings of 0.56pershare,exceedingtheZacksConsensusEstimateof0.56 per share, exceeding the Zacks Consensus Estimate of 0.47 per share, and showing an increase from 0.46pershareayearago,representinganearningssurpriseof19.150.46 per share a year ago, representing an earnings surprise of 19.15% [1][2] Financial Performance - The company posted revenues of 950.17 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.40%, and up from 657.47millionyear−over−year[2]−Overthelastfourquarters,CrescentEnergyhasexceededconsensusEPSestimatesfourtimesandtoppedconsensusrevenueestimatestwotimes[2]StockPerformanceandOutlook−CrescentEnergyshareshavedeclinedapproximately41657.47 million year-over-year [2] - Over the last four quarters, Crescent Energy has exceeded consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance and Outlook - Crescent Energy shares have declined approximately 41% since the beginning of the year, compared to a decline of 3.3% for the S&P 500 [3] - The company's earnings outlook is uncertain, with current consensus EPS estimates at 0.26 for the upcoming quarter and 1.66forthecurrentfiscalyear,withrevenuesexpectedtobe1.66 for the current fiscal year, with revenues expected to be 898.17 million and $3.7 billion respectively [7] Industry Context - The Alternative Energy - Other industry, to which Crescent Energy belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Crescent Energy's stock performance [5]