Core Insights - Chesapeake Utilities reported quarterly earnings of $2.22 per share, missing the Zacks Consensus Estimate of $2.28 per share, but showing an increase from $2.10 per share a year ago, resulting in an earnings surprise of -2.63% [1] - The company posted revenues of $298.7 million for the quarter, exceeding the Zacks Consensus Estimate by 12.42%, and up from $245.74 million year-over-year [2] - Chesapeake Utilities has surpassed consensus revenue estimates two times over the last four quarters, while it has only surpassed EPS estimates once [2] Earnings Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.05 on revenues of $183.9 million, and for the current fiscal year, it is $6.27 on revenues of $851.1 million [7] Industry Context - The Utility - Gas Distribution industry, to which Chesapeake Utilities belongs, is currently ranked in the top 15% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]