Coterra Energy (CTRA) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Coterra Energy (CTRA) due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Coterra Energy is expected to report quarterly earnings of $0.42 per share, reflecting a year-over-year decrease of 19.2$1.4 billion, which is a 12.2% decline from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 11.67% higher in the last 30 days, indicating a reassessment by analysts [4]. - The revisions may not uniformly reflect the direction of all analysts' estimates [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model compares the Most Accurate Estimate to the Zacks Consensus Estimate, suggesting that recent estimate revisions may provide more accurate insights [5][6]. - A positive Earnings ESP reading is a strong indicator of an earnings beat, especially when combined with a favorable Zacks Rank [8]. Historical Performance - Coterra Energy's past performance shows that it has only beaten consensus EPS estimates once in the last four quarters [13]. - The company's surprise history indicates a tendency to miss expectations, as seen in the last reported quarter where it fell short by 5.88% [12]. Conclusion - While Coterra Energy is positioned as a potential earnings-beat candidate, other factors should also be considered before making investment decisions [16].