Crescent Energy Q2 2024 Adj. EPS $0.50 Beats $0.28 Estimate, Sales $653.283M Beat $621.798M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crescent Energy (NYSE:CRGY) reported Q2 2024 adjusted EPS of $0.50, significantly beating the analyst estimate of $0.28. The company also reported sales of $653.283 million, surpassing the $621.798 million estimate and marking a 32.69% increase from the same period last year.
August 05, 2024 | 8:34 pm
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Crescent Energy (NYSE:CRGY) reported Q2 2024 adjusted EPS of $0.50, beating the analyst estimate of $0.28 by 78.57%. The company also reported sales of $653.283 million, surpassing the $621.798 million estimate and marking a 32.69% increase from the same period last year.
Crescent Energy's strong earnings and revenue performance, significantly beating analyst estimates, is likely to positively impact its stock price in the short term. The substantial year-over-year sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100