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Crescent Energy (CRGY) Stock Moves -1.15%: What You Should Know
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In the latest market close, Crescent Energy (CRGY - Free Report) reached $11.14, with a -1.15% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 1.97%. Elsewhere, the Dow lost 1.69%, while the tech-heavy Nasdaq lost 2.7%.
Heading into today, shares of the oil and gas company had lost 11.82% over the past month, lagging the Oils-Energy sector's gain of 3.54% and the S&P 500's loss of 2.79% in that time.
Market participants will be closely following the financial results of Crescent Energy in its upcoming release. On that day, Crescent Energy is projected to report earnings of $0.46 per share, which would represent no growth from the year-ago period. Meanwhile, the latest consensus estimate predicts the revenue to be $943.62 million, indicating a 43.52% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.71 per share and a revenue of $3.82 billion, signifying shifts of -3.93% and +30.38%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Crescent Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 22.66% decrease. Crescent Energy presently features a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Crescent Energy has a Forward P/E ratio of 6.6 right now. This represents a discount compared to its industry's average Forward P/E of 18.41.
The Alternative Energy - Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 77, placing it within the top 31% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Crescent Energy (CRGY) Stock Moves -1.15%: What You Should Know
In the latest market close, Crescent Energy (CRGY - Free Report) reached $11.14, with a -1.15% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 1.97%. Elsewhere, the Dow lost 1.69%, while the tech-heavy Nasdaq lost 2.7%.
Heading into today, shares of the oil and gas company had lost 11.82% over the past month, lagging the Oils-Energy sector's gain of 3.54% and the S&P 500's loss of 2.79% in that time.
Market participants will be closely following the financial results of Crescent Energy in its upcoming release. On that day, Crescent Energy is projected to report earnings of $0.46 per share, which would represent no growth from the year-ago period. Meanwhile, the latest consensus estimate predicts the revenue to be $943.62 million, indicating a 43.52% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.71 per share and a revenue of $3.82 billion, signifying shifts of -3.93% and +30.38%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Crescent Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 22.66% decrease. Crescent Energy presently features a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Crescent Energy has a Forward P/E ratio of 6.6 right now. This represents a discount compared to its industry's average Forward P/E of 18.41.
The Alternative Energy - Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 77, placing it within the top 31% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.