Crescent Energy shares closed down 1.89% at $13.01, trailing a session in which the Dow lost 0.36% and the Nasdaq added 0.45%. The oil and gas company is expected to report earnings per share of $0.56 for its upcoming quarter, a 60% increase from the same quarter a year earlier, on revenue of $1.2 billion, up 38.04%. For the full fiscal year, the Zacks Consensus Estimates project earnings of $2.57 per share and revenue of $4.98 billion, representing changes of +42.78% and +39.19% from the prior year. Over the past 30 days the Zacks Consensus EPS estimate has moved 4.66% higher, and Crescent Energy currently carries a Zacks Rank of #3 (Hold). The stock trades at a Forward P/E ratio of 5.17, well below its industry's average Forward P/E of 17.5.
Crescent Energy CoAnalysts raised the Zacks Consensus EPS estimate 4.66% over 30 days ahead of expected 60% EPS growth, a valuation/earnings event for Crescent Energy.
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