Crescent Energy Co reports results for the quarter ended December 31 - Earnings Summary

• Crescent Energy Co CRGY.N reported quarterly adjusted earnings of 78 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of twelve analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 20 cents to 60 cents per share.

• Revenue rose 33.1% to $875.29 million from a year ago; analysts expected $889.39 million.

• Crescent Energy Co's reported EPS for the quarter was a loss of 70 cents​.

• The company reported a quarterly loss of $118.04 million.

• Crescent Energy Co shares had fallen by 7.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Crescent Energy Co is $18.00

This summary was machine generated from LSEG data February 27 at 04:58 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)