Earnings Outlook For Chord Energy
Portfolio Pulse from Benzinga Insights
Chord Energy (NASDAQ:CHRD) is anticipated to release its quarterly earnings report on February 21, 2024, with an expected EPS of $4.97. Analysts and investors are keen on not just the earnings beat but also the forward guidance. Historically, Chord Energy has shown a positive trend in beating EPS estimates, leading to stock price increases. The company's shares have seen a 25.38% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
February 20, 2024 | 5:01 pm
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Chord Energy is expected to report an EPS of $4.97 in its upcoming earnings, with a focus on beating this estimate and providing positive future guidance. The stock has historically reacted positively to earnings beats and is up 25.38% over the past year.
Given Chord Energy's history of beating EPS estimates and the subsequent positive stock price reactions, there is a high likelihood of a positive short-term impact on CHRD's stock price if the company beats the EPS estimate again and provides optimistic future guidance. The 25.38% YOY increase in stock price further supports a bullish sentiment among investors, potentially leading to a continuation of this trend post-earnings announcement.
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