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Chesapeake Energy (CHK) Reports Q3 Earnings: What Key Metrics Have to Say
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Chesapeake Energy (CHK - Free Report) reported $682 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 78.4%. EPS of $1.09 for the same period compares to $5.06 a year ago.
The reported revenue represents a surprise of -22.91% over the Zacks Consensus Estimate of $884.68 million. With the consensus EPS estimate being $0.57, the EPS surprise was +91.23%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chesapeake Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Daily Production: 3495 millions of cubic feet compared to the 578.74 millions of cubic feet average estimate based on four analysts.
Total Daily Production - Oil: 9 millions of barrels of oil versus 8.55 millions of barrels of oil estimated by three analysts on average.
Total Daily Production - Natural: 3378 millions of cubic feet versus the three-analyst average estimate of 3364.63 millions of cubic feet.
Total Daily Production - NGL: 10 millions of barrels of oil versus the three-analyst average estimate of 9.15 millions of barrels of oil.
Shares of Chesapeake Energy have returned +2.3% over the past month versus the Zacks S&P 500 composite's -2.8% 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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Chesapeake Energy (CHK) Reports Q3 Earnings: What Key Metrics Have to Say
Chesapeake Energy (CHK - Free Report) reported $682 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 78.4%. EPS of $1.09 for the same period compares to $5.06 a year ago.
The reported revenue represents a surprise of -22.91% over the Zacks Consensus Estimate of $884.68 million. With the consensus EPS estimate being $0.57, the EPS surprise was +91.23%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chesapeake Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Daily Production: 3495 millions of cubic feet compared to the 578.74 millions of cubic feet average estimate based on four analysts.
- Total Daily Production - Oil: 9 millions of barrels of oil versus 8.55 millions of barrels of oil estimated by three analysts on average.
- Total Daily Production - Natural: 3378 millions of cubic feet versus the three-analyst average estimate of 3364.63 millions of cubic feet.
- Total Daily Production - NGL: 10 millions of barrels of oil versus the three-analyst average estimate of 9.15 millions of barrels of oil.
View all Key Company Metrics for Chesapeake Energy here>>>Shares of Chesapeake Energy have returned +2.3% over the past month versus the Zacks S&P 500 composite's -2.8% 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.