Crescent Point Energy CPG is set to give its latest quarterly earnings report on Wednesday, 2022-10-26. Here's what investors need to know before the announcement.
Analysts estimate that Crescent Point Energy will report an earnings per share (EPS) of $0.38.
Crescent Point Energy bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company missed EPS by $0.03, which was followed by a 3.48% increase in the share price the next day.
Here's a look at Crescent Point Energy's past performance and the resulting price change:
|Quarter||Q2 2022||Q1 2022||Q4 2021||Q3 2021|
|Price Change %||3.48%||5.48%||2.75%||0.0%|
Shares of Crescent Point Energy were trading at $7.58 as of October 24. Over the last 52-week period, shares are up 57.74%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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