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Will Crescent Point Energy (CPG) Crush Estimates at Its Next Earnings Report?
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Looking for a stock that might be in a good position to beat earnings at its next report? Consider Crescent Point Energy Corp. (CPG - Free Report) , a firm in the Oil and Gas - Exploration and Production - Canadian, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, CPG has beaten estimates by at least 50% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, CPG expected to post a loss of 11 cents per share, while it actually produced earnings of 2 cents per share, a beat of 118.18%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 7 cents per share, when it actually reported a loss of 3 cents per share instead, representing a 57.14% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Crescent Point Energy.In fact, the Earnings ESP for CPG is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for CPG, as the firm currently has a Zacks Earnings ESP of 44.44%, so another beat could be around the corner.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that CPG could see another beat at its next report, especially if recent trends are any guide.
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Will Crescent Point Energy (CPG) Crush Estimates at Its Next Earnings Report?
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Crescent Point Energy Corp. (CPG - Free Report) , a firm in the Oil and Gas - Exploration and Production - Canadian, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, CPG has beaten estimates by at least 50% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, CPG expected to post a loss of 11 cents per share, while it actually produced earnings of 2 cents per share, a beat of 118.18%. Meanwhile, for the most recent quarter, the company looked to deliver a loss of 7 cents per share, when it actually reported a loss of 3 cents per share instead, representing a 57.14% positive surprise.
CRESCENT PT EGY Price and EPS Surprise
CRESCENT PT EGY Price and EPS Surprise | CRESCENT PT EGY Quote
Thanks in part to this history, recent estimates have been moving higher for Crescent Point Energy.In fact, the Earnings ESP for CPG is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for CPG, as the firm currently has a Zacks Earnings ESP of 44.44%, so another beat could be around the corner.
This is particularly true when you consider that CPG has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
When you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that CPG could see another beat at its next report, especially if recent trends are any guide.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>