Chord Energy Corporation (CHRD - Free Report) reported $912.07 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 15.5%. EPS of $3.65 for the same period compares to $7.30 a year ago.
The reported revenue represents a surprise of +29.01% over the Zacks Consensus Estimate of $707 million. With the consensus EPS estimate being $3.96, the EPS surprise was -7.83%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Chord Energy Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total average daily production: 169000 BOE/D versus the four-analyst average estimate of 165517.3 BOE/D.
- Production data - NGL: 36000 Bbls versus 33397.25 Bbls estimated by three analysts on average.
- Production data - Oil: 96400 BBL/D versus 95391.7 BBL/D estimated by three analysts on average.
- Production data - Natural gas: 219300 Mcf/D versus 220771.4 Mcf/D estimated by three analysts on average.
- Average sales prices - Natural gas, without derivative settlements: $0.95 versus $1.11 estimated by two analysts on average.
- Average sales prices - Crude oil, without derivative settlements: $73.89 versus the two-analyst average estimate of $72.67.
View all Key Company Metrics for Chord Energy Corporation here>>>Shares of Chord Energy Corporation have returned +6.1% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Chord Energy Corporation (CHRD - Free Report) reported $912.07 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 15.5%. EPS of $3.65 for the same period compares to $7.30 a year ago.
The reported revenue represents a surprise of +29.01% over the Zacks Consensus Estimate of $707 million. With the consensus EPS estimate being $3.96, the EPS surprise was -7.83%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Chord Energy Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total average daily production: 169000 BOE/D versus the four-analyst average estimate of 165517.3 BOE/D.
- Production data - NGL: 36000 Bbls versus 33397.25 Bbls estimated by three analysts on average.
- Production data - Oil: 96400 BBL/D versus 95391.7 BBL/D estimated by three analysts on average.
- Production data - Natural gas: 219300 Mcf/D versus 220771.4 Mcf/D estimated by three analysts on average.
- Average sales prices - Natural gas, without derivative settlements: $0.95 versus $1.11 estimated by two analysts on average.
- Average sales prices - Crude oil, without derivative settlements: $73.89 versus the two-analyst average estimate of $72.67.
View all Key Company Metrics for Chord Energy Corporation here>>>Shares of Chord Energy Corporation have returned +6.1% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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