Ahead of California Resources (CRC) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Insights - California Resources Corporation (CRC) is expected to report quarterly earnings of $0.96 per share, a 3.2$907.09 million, reflecting a 24.9% year-over-year increase [1] Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted downward by 1.3%, indicating a reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [3] Key Metrics - Total Production Per Day is estimated to reach 141.99 million barrels of oil equivalent, up from 98 MBoe/d a year ago [5] - Production Per Day - Oil is estimated at 111.51 million barrels, compared to 61 MBbl/d in the same quarter last year [5] - Production per day - Natural Gas is estimated at 119.54 million cubic feet, down from 155 MMcf/d a year ago [6] - Production Per Day - NGL is expected to be 10.92 million barrels, slightly down from 11 MBbl/d last year [6] Price Realizations - Average realized prices with derivative settlements for Oil are expected to be $70.80, compared to$71.34 in the same quarter last year [7] - Average realized prices for Natural Gas are projected at $3.15, down from$4.66 in the same quarter last year [7] Stock Performance - California Resources shares have decreased by 11.4% over the past month, while the Zacks S&P 500 composite has declined by 2.2% [8] - CRC holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [8]