Earnings Preview: Coterra Energy (CTRA) Q3 Earnings Expected to Decline

Company Overview - Coterra Energy (CTRA) is expected to report a year-over-year decline in earnings due to lower revenues for the quarter ended September 2024, with earnings anticipated to be $0.37 per share, reflecting a -26% change from the previous year [1][2] - Revenues for Coterra are projected to be $1.32 billion, down 2.4% from the same quarter last year [2] Earnings Estimates and Revisions - The consensus EPS estimate for Coterra has been revised 3.07% lower over the last 30 days, indicating a reassessment by analysts [3] - A positive Earnings ESP (Expected Surprise Prediction) is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [5] Industry Context - Antero Resources (AR), another player in the oil and gas exploration and production sector, is expected to report a loss of $0.04 per share for the same quarter, indicating a -150% year-over-year change, with revenues expected to be $1.04 billion, down 7.4% [9] - The consensus EPS estimate for Antero Resources has been revised down by 18.5% over the last 30 days, and it currently has an Earnings ESP of -8.89% combined with a Zacks Rank of 5 (Strong Sell) [9]