Crescent Energy (CRGY) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Crescent Energy is expected to report a year-over-year increase in earnings, with a consensus EPS estimate of $0.26, reflecting a 73.3% increase compared to the previous year [4][11]. Earnings Expectations - The upcoming earnings report is anticipated to be released on August 5, 2024, and could influence the stock price depending on whether the actual results meet or exceed expectations [12]. - Revenues for Crescent Energy are projected to be $611.25 million, representing a 24.2% increase from the same quarter last year [13]. Estimate Revisions - The consensus EPS estimate has been revised down by 8.62% over the last 30 days, indicating a reassessment by analysts [14]. - Crescent Energy's Earnings ESP is currently at 0%, suggesting no recent analyst views differ from the consensus estimate [7]. Historical Performance - In the last reported quarter, Crescent Energy exceeded the expected EPS of $0.18 by delivering $0.46, resulting in a surprise of +155.56% [18]. - The company has beaten consensus EPS estimates in each of the last four quarters [25]. Comparative Analysis - Crescent Energy's current Zacks Rank is 5 (Strong Sell), which complicates the prediction of an earnings beat [2][8]. - The combination of a negative Earnings ESP and a low Zacks Rank makes it challenging to predict a positive outcome for Crescent Energy's upcoming earnings [8][20].