California Resources's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
California Resources (NYSE:CRC) is scheduled to release its quarterly earnings report on February 27, 2024. Analysts predict an EPS of $0.91. The company's past earnings performance shows a mix of beats and misses, with the last quarter beating estimates by $0.21, leading to a 0.4% share price increase the following day. Shares are currently trading at $54.02, up 28.01% over the last year. Investors are looking for not just an earnings beat but also positive guidance for future growth.
February 26, 2024 | 2:01 pm
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California Resources is expected to report an EPS of $0.91 for the upcoming quarter. The company's stock has risen 28.01% over the past year, with a recent history of beating EPS estimates. Investors are keen on both the earnings outcome and the future guidance.
Given CRC's history of beating EPS estimates and the positive stock performance over the past year, a strong earnings report and optimistic future guidance could further boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100