Baytex Energy (US:BTE) ZACKS·2025-03-05 00:40Group 1: Earnings Performance - Baytex Energy reported a quarterly loss of $0.04 per share, missing the Zacks Consensus Estimate of $0.12, compared to earnings of $0.18 per share a year ago, representing an earnings surprise of -133.33% [1] - The company posted revenues of $726.91 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.28%, but down from $782.72 million year-over-year [2] - Over the last four quarters, Baytex has surpassed consensus EPS estimates just once, while it has topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Baytex shares have declined approximately 19.4% since the beginning of the year, contrasting with the S&P 500's decline of -0.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.10 on revenues of $669.74 million, and $0.36 on revenues of $2.86 billion for the current fiscal year [7] Group 3: Industry Context - The Zacks Industry Rank for Oil and Gas - Exploration and Production - Canadian is currently in the top 36% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Baytex's stock performance [5] - The Zacks Rank for Baytex is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]