Crescent Energy Slips 1.29% Ahead of Earnings Update
The shares lagged major indexes, while Zacks consensus estimates point to higher quarterly earnings and revenue than a year earlier.
Crescent Energy fell 1.29% to close at $12.98 in the latest trading session, underperforming the S&P 500, which lost 0.77%. The Dow fell 0.67%, while the Nasdaq declined 0.92%.
The stock has lost 2.88% over the past month, according to the article. Over the same period, the Oils-Energy sector gained 1.13% and the S&P 500 rose 0.96%.
Ahead of the company’s upcoming earnings disclosure, Zacks consensus estimates put quarterly earnings at $0.51 per share and revenue at $1.15 billion. Those estimates represent increases of 45.71% and 32.62%, respectively, from the same quarter a year earlier.
For the full year, Zacks projects earnings of $2.78 per share and revenue of $4.91 billion. The estimates are up 54.44% for earnings and 37.13% for revenue compared with the preceding year.
The Zacks Consensus EPS estimate has risen 24.63% over the past month. The article did not provide a date for the earnings disclosure.
This article was produced with the help of AI technology.
Source: Yahoo Finance
