Earnings Preview: California Resources
Portfolio Pulse from Benzinga Insights
California Resources (NYSE:CRC) is set to release its quarterly earnings report on November 1, 2023. Analysts estimate an EPS of $0.79. The company's stock performance has been generally positive over the last 52-week period, with shares up 18.89%. Last quarter, the company missed EPS by $0.33, leading to a 4.03% drop in share price the next day.
October 31, 2023 | 3:02 pm
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California Resources is expected to report an EPS of $0.79. Last quarter, the company missed EPS estimates, causing a 4.03% drop in share price. Over the past year, shares have increased by 18.89%.
The upcoming earnings report is highly relevant to CRC's stock price. Last quarter's EPS miss led to a significant drop in share price. However, the stock has performed well over the past year, which may buffer any potential negative impact from the earnings report. The score is neutral as it's uncertain whether the company will meet, exceed, or miss the EPS estimate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100