CVR Energy (CVI) Reports Q4 Loss, Tops Revenue Estimates

Core Viewpoint - CVR Energy reported a quarterly loss of $0.13 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.65, marking an earnings surprise of 80% [1] - The company generated revenues of $1.95 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.44%, although this represents a decline from $2.2 billion in the same quarter last year [2] Financial Performance - Over the last four quarters, CVR has exceeded consensus EPS estimates two times and topped consensus revenue estimates twice [2] - The current consensus EPS estimate for the upcoming quarter is -$0.57 on revenues of $1.8 billion, and for the current fiscal year, it is -$0.12 on revenues of $7.59 billion [7] Market Position - CVR shares have underperformed the market, losing about 1% since the beginning of the year compared to the S&P 500's gain of 4% [3] - The Zacks Rank for CVR is currently 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Industry Outlook - The Oil and Gas - Refining and Marketing industry, to which CVR belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact CVR's stock performance [5]