Chesapeake Energy CHK announces its next round of earnings this Thursday, July 28, 2011. Here's Benzinga's advanced look at Chesapeake Energy's second quarter earnings report.
Earnings and Revenue:
Based on estimates, investors are readying for a positive EPS reading of 72 cents per share and revenues of $2.76 billion. Whether the reported numbers beat or miss analysts' estimates, they will also be compared against last year's numbers for the same period, which were a profit of 75 cents per share on revenues of $2.01 billion. We'll have to wait for Thursday to see if Chesapeake Energy reports a decline in EPS and a boost in revenue from the year-ago quarter, as analysts are predicting.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | $0.70 | $0.64 | $0.65 | $0.69 |
EPS Actual | $0.75 | $0.70 | $0.70 | $0.75 |
Stock Performance:
At last check, shares of Chesapeake Energy were trading at $34.39. Shares are up 33.4% year to date. For a full 12 months, the return has risen by 45.3%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for Chesapeake Energy is a Moderate Buy. The strength of this rating has risen over the past three months.
Competitors:
Wondering how Chesapeake Energy compares to rivals in the same sector? Here are a few of the company's peers.
- Anadarko Petroleum APC: Moderate Buy with a $0.73 recent quarter EPS
- Chevron CVX: Moderate Buy with a $3.09 recent quarter EPS
- Devon Energy DVN: Moderate Buy with a $1.34 recent quarter EPS
- Apache (APA): Moderate Buy with a $2.87 recent quarter EPS
The oil-US export and production company's industry has seen price/earnings growth of 15.9% during the current fiscal year.
Finally, a description of the company's main areas of operation: Chesapeake Energy is a company that explores and develops properties for the production of crude oil and natural gas from underground reservoirs.
Take Action:
That's your advanced look at Chesapeake Energy's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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