Crescent Energy will report its latest quarterly results Monday afternoon. Analysts expect revenue to grow 46.1% year on year, accelerating from the 37.5% increase recorded in the same quarter last year. The company met revenue expectations last quarter with $1.18 billion, up 24.5% year on year, and beat earnings per share estimates while posting 37.3% oil production per day growth. Estimates have been largely unchanged over the past 30 days, though Crescent Energy has missed revenue estimates multiple times over the last two years. Shares have risen 25.6% over the past month, outperforming the 7% average gain in the upstream and integrated segment, and the stock heads into earnings with an average analyst price target of $15.87 compared to the current share price of $11.63.
Crescent Energy CoEarnings report upcoming; revenue expected to jump 46.1% but past misses and stock already up 25.6% create mixed outlook.