Market Overview

CVR Energy's Earnings Outlook

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CVR Energy (NYSE: CVI) announces its next round of earnings this Monday, November 02. Here is Benzinga's everything-that-matters guide for this Monday's Q3 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts covering CVR Energy have modeled for quarterly EPS loss of $0.49 on revenue of $1.13 billion. CVR Energy earnings in the same period a year ago was $1.18 per share. Quarterly sales came in at $1.62 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The Wall Street consensus estimate for earnings would represent a 141.53% decrease for the company. Sales would be down 30.33% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -0.42 -0.53 0.54 0.78
EPS Actual -0.44 -0.09 0.44 1.18
Revenue Estimate 890.36 M 1.08 B 1.62 B 1.61 B
Revenue Actual 675.00 M 1.13 B 1.57 B 1.62 B

Stock Performance

Over the past 52-week period, shares of CVR Energy have declined 77.61%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. CVR Energy is scheduled to hold the call at 13:00:00 ET and can be accessed here.

 

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Posted-In: Earnings