
Core Viewpoint - Crescent Energy (CRGY) is expected to report a year-over-year decline in earnings despite higher revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is anticipated on August 4, with expected earnings of $0.23 per share, reflecting a year-over-year decrease of 25.8% [3]. - Revenues are projected to be $895.46 million, which is an increase of 37.1% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 17.02% higher in the last 30 days, indicating a reassessment by analysts [4]. - Crescent Energy's Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from consensus estimates, with a positive reading being a strong predictor of an earnings beat [9][10]. - Crescent Energy currently holds a Zacks Rank of 1, but the combination with a 0% Earnings ESP makes it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, Crescent Energy exceeded the expected earnings of $0.47 per share by delivering $0.56, resulting in a surprise of +19.15% [13]. - The company has beaten consensus EPS estimates in all of the last four quarters [14]. Market Reaction Factors - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [15]. - Despite not appearing as a compelling earnings-beat candidate, other market conditions should be considered when evaluating Crescent Energy [17].