Chord Energy (US:CHRD) ZACKSยท2025-05-06 23:25Core Insights - Chord Energy Corporation reported quarterly earnings of $4.04 per share, exceeding the Zacks Consensus Estimate of $3.60 per share, but down from $5.10 per share a year ago, indicating an earnings surprise of 12.22% [1] - The company posted revenues of $1.22 billion for the quarter, missing the Zacks Consensus Estimate by 8.04%, but up from $1.09 billion year-over-year [2] - Chord Energy shares have declined approximately 22.8% year-to-date, contrasting with the S&P 500's decline of 3.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.50, with expected revenues of $1.23 billion, and for the current fiscal year, the EPS estimate is $11.03 on revenues of $5.11 billion [7] - The estimate revisions trend for Chord Energy 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] Industry Context - The Oil and Gas - Exploration and Production - United States industry is currently ranked in the bottom 24% of over 250 Zacks industries, indicating potential challenges for stocks in this sector [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]