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What's Up at Chesapeake Utilities (CPK) in Q2 Earnings?
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Chesapeake Utilities Corporation (CPK - Free Report) is scheduled to report second-quarter 2016 results before the opening bell on Aug 4. In the last quarter, Chesapeake Utilities Corporation’s earnings were lower by 6.99% from the expected figure. Let’s see how things are holding up for the second quarter.
Factors to Consider
Chesapeake Utilities Corporation’s earnings in second-quarter 2016 could have been adversely affected by the weather that was warmer than usual. As in the first quarter, this quarter too, its business – both regulated and unregulated – is likely to be impacted by the weather.
In addition, compared to the year-ago quarter, the quarter to be reported will see falling propane prices further impacting the company's bottom line.
Our proven model does not conclusively show that Chesapeake Utilities Corporation is likely to beat estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate is 0.00%. This is because both estimates are pegged at 49 cents.
Zacks Rank: Chesapeake Utilities Corporation's Zacks Rank #2 increases the possibility of a beat, but the 0.00% ESP makes it unlikely that this will see fruition this season.
As it is, we caution against stocks with a Zacks Rank #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Instead, here are a few players in the utility sector that have the right combination of elements to post an earnings beat this quarter.
Duke Energy Corporation (DUK - Free Report) has an Earnings ESP of +0.99% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 4.
Exelon Corporation (EXC - Free Report) has an Earnings ESP of +1.79% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 9.
National Fuel Gas Company (NFG - Free Report) has an Earnings ESP of +1.59% and a Zacks Rank #3. It is expected to report third-quarter fiscal 2016 earnings on Aug 4.
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What's Up at Chesapeake Utilities (CPK) in Q2 Earnings?
Chesapeake Utilities Corporation (CPK - Free Report) is scheduled to report second-quarter 2016 results before the opening bell on Aug 4. In the last quarter, Chesapeake Utilities Corporation’s earnings were lower by 6.99% from the expected figure. Let’s see how things are holding up for the second quarter.
Factors to Consider
Chesapeake Utilities Corporation’s earnings in second-quarter 2016 could have been adversely affected by the weather that was warmer than usual. As in the first quarter, this quarter too, its business – both regulated and unregulated – is likely to be impacted by the weather.
In addition, compared to the year-ago quarter, the quarter to be reported will see falling propane prices further impacting the company's bottom line.
CHESAPEAKE UTIL Price and EPS Surprise
CHESAPEAKE UTIL Price and EPS Surprise | CHESAPEAKE UTIL Quote
Earnings Whispers
Our proven model does not conclusively show that Chesapeake Utilities Corporation is likely to beat estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate is 0.00%. This is because both estimates are pegged at 49 cents.
Zacks Rank: Chesapeake Utilities Corporation's Zacks Rank #2 increases the possibility of a beat, but the 0.00% ESP makes it unlikely that this will see fruition this season.
As it is, we caution against stocks with a Zacks Rank #4 or #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Instead, here are a few players in the utility sector that have the right combination of elements to post an earnings beat this quarter.
Duke Energy Corporation (DUK - Free Report) has an Earnings ESP of +0.99% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 4.
Exelon Corporation (EXC - Free Report) has an Earnings ESP of +1.79% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 9.
National Fuel Gas Company (NFG - Free Report) has an Earnings ESP of +1.59% and a Zacks Rank #3. It is expected to report third-quarter fiscal 2016 earnings on Aug 4.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>