We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why the Market Dipped But Crescent Energy (CRGY) Gained Today
Read MoreHide Full Article
Crescent Energy (CRGY - Free Report) closed at $14.41 in the latest trading session, marking a +1.19% move from the prior day. This move outpaced the S&P 500's daily loss of 0.59%. At the same time, the Dow lost 0.6%, and the tech-heavy Nasdaq lost 0.65%.
The oil and gas company's stock has climbed by 18.08% in the past month, exceeding the Oils-Energy sector's gain of 9.15% and the S&P 500's loss of 1.37%.
The investment community will be paying close attention to the earnings performance of Crescent Energy in its upcoming release. The company is expected to report EPS of $0.59, up 68.57% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.21 billion, up 40.1% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.53 per share and revenue of $4.94 billion, indicating changes of +40.56% and +37.98%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Crescent Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Crescent Energy boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Crescent Energy is holding a Forward P/E ratio of 5.64. This valuation marks a discount compared to its industry average Forward P/E of 17.86.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Why the Market Dipped But Crescent Energy (CRGY) Gained Today
Crescent Energy (CRGY - Free Report) closed at $14.41 in the latest trading session, marking a +1.19% move from the prior day. This move outpaced the S&P 500's daily loss of 0.59%. At the same time, the Dow lost 0.6%, and the tech-heavy Nasdaq lost 0.65%.
The oil and gas company's stock has climbed by 18.08% in the past month, exceeding the Oils-Energy sector's gain of 9.15% and the S&P 500's loss of 1.37%.
The investment community will be paying close attention to the earnings performance of Crescent Energy in its upcoming release. The company is expected to report EPS of $0.59, up 68.57% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.21 billion, up 40.1% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.53 per share and revenue of $4.94 billion, indicating changes of +40.56% and +37.98%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Crescent Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Crescent Energy boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Crescent Energy is holding a Forward P/E ratio of 5.64. This valuation marks a discount compared to its industry average Forward P/E of 17.86.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.