Earnings Preview: Chesapeake Energy
Portfolio Pulse from Benzinga Insights
Chesapeake Energy (NASDAQ:CHK) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.64. The company's stock performance has been generally negative over the last 52-week period, with shares down 17.02%. Last quarter, the company beat EPS estimates by $0.10, but this was followed by a 2.32% drop in the share price.
October 30, 2023 | 2:01 pm
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NEGATIVE IMPACT
Chesapeake Energy is expected to report an EPS of $0.64 for Q3. The company's shares have been on a downward trend, falling 17.02% over the past year.
Chesapeake Energy's stock has been on a downward trend, which may continue if the company does not meet or exceed the estimated EPS. Last quarter, despite beating the EPS estimate, the share price dropped 2.32% the following day. This suggests that investors may have high expectations for the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100