Crescent Energy Co-Crescent Energy (CRGY) Q4 Earnings Beat Estimates

Core Viewpoint - Crescent Energy (CRGY) reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of$ 0.26 per share, but slightly down from $0.58 per share a year ago, indicating an earnings surprise of 115.38% [1][2] Financial Performance - The company posted revenues of$ 875.29 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 1.75%, compared to $657.73 million in the same quarter last year [2] - Over the last four quarters, Crescent Energy has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance - Crescent Energy shares have declined approximately 6.3% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.54, with expected revenues of $959.19 million, and for the current fiscal year, the EPS estimate is$ 2.21 on revenues of $3.88 billion [7] - The estimate revisions trend for Crescent Energy is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Alternative Energy - Other industry, to which Crescent Energy belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]