News Release Coterra Energy Reports Second-Quarter 2024 Results, Announces Quarterly Dividend, and Provides ThirdQuarter 2024 Guidance and Full-Year 2024 Updates HOUSTON, August 1, 2024 - Coterra Energy Inc. (NYSE: CTRA) ("Coterra" or the "Company") today reported second-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided third-quarter production and capital guidance and updated full-year 2024 guidance. Key Takeaways & Updates ...

Coterra Energy Inc. (CTRA) is set to release second-quarter results on Aug 1. The Zacks Consensus Estimate for the to-be-reported quarter is a profit of 40 cents per share on revenues of $1.4 billion. Highlights of Q1 Earnings & Surprise History Coterra Energy beat the Zacks Consensus Estimate in three of the last four quarters and missed in the other, resulting in an earnings surprise of 9.8%, on average. This is depicted in the graph below: Coterra Energy Inc. Price and EPS Surprise The Zacks Consensus Es ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Coterra Energy (CTRA) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. This independent oil and gas company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-ov ...

Investors have had a healthy dose of skepticism about energy stocks over the past year. A sluggish recovery in China has muddled the demand picture. However, Brent crude has stabilized between $75 and $90, a profitable price for energy stocks. At the same time, demand for natural gas, particularly liquefied natural gas, is rising due to its important role in the energy transition. Coterra Energy (CTRA) In Q1 2024, natural gas accounted for 72% of its production mix and 38% of revenues. Besides gas productio ...

Market Performance - U.S. stock markets have shown exceptional performance over the past 18 months, with the S&P 500 increasing by approximately 17% year to date and 24% in 2023, achieving 36 all-time highs [1] Economic Outlook - Recent economic data releases have underperformed estimates, leading some economists to suggest that the Federal Reserve should consider lowering the benchmark lending rate starting in September [2] Investment Strategy - The Relative Price Strength Strategy emphasizes evaluating a stock's performance relative to its industry or peers, alongside earnings growth and valuation multiples [3] - Stocks that outperform their sectors in terms of price are more likely to provide significant returns, while underperforming stocks should be avoided [4] - Stocks that have outperformed the S&P 500 over the last 1 to 3 months and possess solid fundamentals are considered to have growth potential [5] Analyst Sentiment - Positive estimate revisions for upcoming earnings are crucial, as upward revisions typically lead to additional price gains [6] Screening Parameters - Key screening parameters include relative price changes over 12 weeks, 4 weeks, and 1 week, as well as positive current-quarter estimate revisions [7] - Stocks with a VGM Score of A or B, combined with a Zacks Rank of 1 or 2, are identified as having the best upside potential [8] Company Highlights - NextEra Energy Partners (NEP) has a market capitalization of $2.5 billion and is projected to have a 455.9% year-over-year growth in earnings per share for 2024, despite a 54% decline in share price over the past year [10] - Haemonetics Corporation (HAE) is expected to see a 15.4% year-over-year growth in earnings per share for fiscal 2025 and has a VGM Score of A [11] - Coterra Energy (CTRA) has an expected EPS growth rate of 10.8% over the next three to five years, slightly above the industry average of 10.5%, and holds a VGM Score of B [12] - LendingTree, Inc. (TREE) has a market capitalization of $550.3 million, with a projected 18% growth in earnings for 2024 and a trailing four-quarter earnings surprise of approximately 119.1% [17][18] - Williams-Sonoma, Inc. (WSM) has a market capitalization of $18.3 billion, with an expected 8.3% year-over-year growth in earnings per share for fiscal 2025 and a significant share price increase of 135.2% over the past year [21]

Group 1: Greenland Technologies Holding Corporation (GTEC) - Greenland Technologies Holding Corporation is a material handling solutions provider with a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for GTEC's current year earnings has increased by 6.1% over the last 60 days [1] - GTEC has a price-to-earnings ratio (P/E) of 3.71, which is lower than the industry average of 6.30 [3] - The company possesses a Value Score of A, indicating strong value characteristics [3] Group 2: Coterra Energy Inc. (CTRA) - Coterra Energy Inc. is an oil and gas company that also carries a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for CTRA's current year earnings has increased by 4.7% over the last 60 days [2] - Coterra Energy has a price-to-earnings ratio (P/E) of 13.35, significantly lower than the S&P average of 22.56, and possesses a Value Score of B [2] Group 3: Kinross Gold Corporation (KGC) - Kinross Gold Corporation is a gold mining company with a Zacks Rank of 1 [3] - The Zacks Consensus Estimate for KGC's next year earnings has increased by 6.1% over the last 60 days [3] - Kinross Gold has a price-to-earnings ratio (P/E) of 16.40, which is lower than the S&P average of 22.56, and possesses a Value Score of A [3]

Meanwhile, forecasts for higher weather-related demand and a resurgence of LNG exports represent a few bright spots for the fuel. EIA Reports a Build Slightly Larger Than Market Expectations Natural Gas Prices Finish Significantly Lower Investors should know that natural gas realization has been under pressure from strong production, elevated stockpiles, and tepid weather-related demand. It's worth mentioning that the current inventory levels are well above the year-ago figure and the five-year average. The ...

Coterra Energy Inc. (CTRA) : This independent oil and gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 7% over the last 60 days. Kirin Holdings Company, Limited (KNBWY) : This food and beverages, pharmaceuticals, and health science company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days. Seagate Technology Holdings plc (STX) : This data storage technology and solutions company has witnessed t ...

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The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movemen ...