HighPeak Energy, Inc. (HPK) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - HighPeak Energy, Inc. is expected to report a year-over-year increase in earnings and revenues for the quarter ended June 2024, with a consensus EPS estimate of $0.50, reflecting a 78.6% increase from the previous year, and revenues projected at $281.49 million, up 16.9% [1][3][4]. Earnings Expectations - The upcoming earnings report is anticipated to be released on August 5, and the stock price may rise if actual results exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised 8.16% higher in the last 30 days, indicating a positive reassessment by analysts [5]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for HighPeak Energy matches the consensus estimate, resulting in an Earnings ESP of 0% [11]. - The stock currently holds a Zacks Rank of 4, suggesting a less favorable outlook for beating the consensus EPS estimate [12][13]. Historical Performance - In the last reported quarter, HighPeak Energy was expected to post earnings of $0.39 per share but delivered $0.37, resulting in a surprise of -5.13% [14]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [15]. Industry Context - In comparison, Coterra Energy is expected to report earnings of $0.40 per share for the same quarter, indicating a year-over-year change of +2.6%, with revenues projected at $1.35 billion, up 13.6% [21].