Coterra Energy: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Coterra Energy (NYSE:CTRA) reported Q4 earnings with an EPS of $0.52, missing estimates by 5.45% and showing a revenue decline from the previous year. This follows a pattern of fluctuating earnings performance over the past year.
February 22, 2024 | 9:20 pm
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Coterra Energy reported lower than expected Q4 earnings and a significant revenue decline from the previous year.
Missing earnings estimates and reporting a revenue decline are both negative indicators for a company's financial health and often lead to a decrease in stock price in the short term. Given Coterra Energy's past performance where a positive earnings surprise led to a slight increase in share price, this negative report is likely to have an adverse effect.
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IMPORTANCE 90
RELEVANCE 100