California Resources Corporation (CRC) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for California Resources Corporation (CRC) due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $0.49 per share, reflecting a year-over-year decrease of 46.2% [3]. - Revenues are projected to be $786.68 million, down 10.3% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 39.3% over the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP of +9.28% suggests analysts have recently become more optimistic about the company's earnings prospects [12]. Historical Performance - In the last reported quarter, California Resources exceeded the expected earnings of $1.31 per share, achieving actual earnings of $1.46, resulting in a surprise of +11.45% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Industry Context - Cheniere Energy, another player in the oil and gas sector, is expected to report earnings of $3.83 per share, indicating a year-over-year decline of 11.6%, with revenues expected to rise by 16.7% to $5.17 billion [18][19]. - Cheniere Energy's consensus EPS estimate has been revised down by 4.8% in the last 30 days, but a positive Earnings ESP of +0.48% indicates a likelihood of beating the consensus estimate [19][20].