Chesapeake Energy Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Chesapeake Energy Corporation (NYSE:CHK) is set to release its Q3 financial results on Oct. 31, 2023. Analysts predict a quarterly earnings of 64 cents per share, down from $5.06 per share in the previous year. The company's revenue is expected to be $1.2 billion, compared to $2.01 billion in the year-ago period. Analysts from Benchmark, Wells Fargo, JP Morgan, Stephens & Co., and UBS have recently revised their ratings and price targets for the company.
October 31, 2023 | 1:55 pm
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Chesapeake Energy's Q3 earnings and revenue are expected to be lower than last year. Analysts have revised their ratings and price targets, which could influence the stock's performance.
The expected decrease in Chesapeake Energy's earnings and revenue for Q3, along with the recent revisions of ratings and price targets by analysts, could negatively impact the company's stock in the short term. Investors may react to the lower earnings forecast and revised analyst ratings, potentially leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100