Chesapeake Utilities (CPK) Misses Q4 Earnings Estimates

Core Viewpoint - Chesapeake Utilities reported quarterly earnings of $1.63 per share, missing the Zacks Consensus Estimate of $1.67 per share, representing an earnings surprise of -2.40% [1] - The company posted revenues of $215 million for the quarter, surpassing the Zacks Consensus Estimate by 0.42% and showing an increase from $185.34 million year-over-year [2] Financial Performance - Over the last four quarters, Chesapeake Utilities has surpassed consensus EPS estimates only once [2] - The company has topped consensus revenue estimates two times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $2.38 on revenues of $267.4 million, and for the current fiscal year, it is $6.25 on revenues of $849.2 million [7] Market Position - Chesapeake Utilities shares have increased by approximately 4.3% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] - The Zacks Industry Rank for Utility - Gas Distribution is currently in the top 14% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current estimate revisions trend for Chesapeake Utilities is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]