Chord Energy Corporation (CHRD) Surpasses Q4 Earnings and Revenue Estimates

Core Insights - Chord Energy Corporation reported quarterly earnings of $3.49 per share, exceeding the Zacks Consensus Estimate of$2.75 per share, but down from $5.25 per share a year ago, indicating an earnings surprise of 26.91$1.45 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 31.85%, compared to $964.69 million in the same quarter last year [2] - Chord Energy has outperformed consensus revenue estimates four times over the last four quarters [2] Earnings Performance - The company has surpassed consensus EPS estimates two times in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is$2.86, with projected revenues of $1.25 billion, and for the current fiscal year, the estimate is$13.13 on $5.2 billion in revenues [7] Market Performance - Chord Energy shares have declined approximately 4.8% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Oil and Gas - Exploration and Production - United States industry is currently ranked in the top 22% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]