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Chesapeake Utilities (CPK) Q1 Earnings: What's in Store?
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Chesapeake Utilities Corporation (CPK - Free Report) is scheduled to report first-quarter 2017 results before the opening bell on May 3. Chesapeake Utilities earnings were in line with expectation in the last quarter. Let’s see how things are shaping prior to the first quarter.
Factors to Consider
Warmer winter weather inevitably lowers the need for natural gas and propane for heating purposes. A milder winter was experienced in major states in the U.S. this season which is most likely to have an adverse impact on Chesapeake Utilities’ volumes in the first quarter.
Chesapeake Utilities received rate hike approval in Delaware division, which became effective from first-quarter 2017. The rate hike will have a positive impact on the total revenue of the company from the quarter to be reported.
Earnings Whispers
Our proven model does not conclusively show that Chesapeake Utilities 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Earnings ESP is 0.00%, this is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.46.
Zacks Rank: Chesapeake Utilities is a Zacks Rank #3, increasing 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 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Chesapeake Utilities Corporation Price, Consensus and EPS Surprise
Instead, here are a few players in the Zacks categorized Utility sector that have the right combination of elements to post an earnings beat this quarter.
NiSource, Inc (NI - Free Report) has an earnings ESP of +6.15% and a Zacks Rank #2. It is expected to report first-quarter earnings on May 3.
ONEOK, Inc. (OKE - Free Report) has an earnings ESP of +2.22% and a Zacks Rank #3. It is expected to report first-quarter earnings on May 2.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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Chesapeake Utilities (CPK) Q1 Earnings: What's in Store?
Chesapeake Utilities Corporation (CPK - Free Report) is scheduled to report first-quarter 2017 results before the opening bell on May 3. Chesapeake Utilities earnings were in line with expectation in the last quarter. Let’s see how things are shaping prior to the first quarter.
Factors to Consider
Warmer winter weather inevitably lowers the need for natural gas and propane for heating purposes. A milder winter was experienced in major states in the U.S. this season which is most likely to have an adverse impact on Chesapeake Utilities’ volumes in the first quarter.
Chesapeake Utilities received rate hike approval in Delaware division, which became effective from first-quarter 2017. The rate hike will have a positive impact on the total revenue of the company from the quarter to be reported.
Earnings Whispers
Our proven model does not conclusively show that Chesapeake Utilities 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Earnings ESP is 0.00%, this is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.46.
Zacks Rank: Chesapeake Utilities is a Zacks Rank #3, increasing 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 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Chesapeake Utilities Corporation Price, Consensus and EPS Surprise
Chesapeake Utilities Corporation Price, Consensus and EPS Surprise | Chesapeake Utilities Corporation Quote
Stocks to Consider
Instead, here are a few players in the Zacks categorized Utility sector that have the right combination of elements to post an earnings beat this quarter.
NiSource, Inc (NI - Free Report) has an earnings ESP of +6.15% and a Zacks Rank #2. It is expected to report first-quarter earnings on May 3.
ONEOK, Inc. (OKE - Free Report) has an earnings ESP of +2.22% and a Zacks Rank #3. It is expected to report first-quarter earnings on May 2.
Dominion Resources, Inc. (D - Free Report) has an earnings ESP of +2.15% and a Zacks Rank #3. It is expected to report first-quarter earnings on May 4. You can see the complete list of today’s Zacks #1 Rank stocks here.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.