Earthstone Energy ESTE is set to give its latest quarterly earnings report on Wednesday, 2023-05-03. Here's what investors need to know before the announcement.
Analysts estimate that Earthstone Energy will report an earnings per share (EPS) of $0.74.
Earthstone Energy bulls will hope to hear the company 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 $0.01, which was followed by a 3.46% drop in the share price the next day.
Here's a look at Earthstone Energy's past performance and the resulting price change:
|Quarter||Q4 2022||Q3 2022||Q2 2022||Q1 2022|
|Price Change %||-3.46%||-1.0%||5.53%||-7.28%|
Shares of Earthstone Energy were trading at $13.6 as of May 01. Over the last 52-week period, shares are down 14.65%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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