Earnings Preview: CVR Energy (CVI) Q2 Earnings Expected to Decline

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Wall Street expects a year-over-year decline in earnings on lower revenues when CVR Energy (CVI) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powe ...