Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. Investors should also note any recent changes to analyst estimates for Chesapeake Energy. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.76 billion, up 97.59% from the year-ago period. The company is expected to report EPS of $4.49, up 88.66% from the prior-year quarter. Wall Street will be looking for positivity from Chesapeake Energy as it approaches its next earnings report date. Heading into today, shares of the oil and gas company had gained 6.34% over the past month, outpacing the Oils-Energy sector's gain of 2.38% and the S&P 500's loss of 7.59% in that time. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq gained 0.16%. This change was narrower than the S&P 500's 1.13% loss on the day. Chesapeake Energy (CHK) closed the most recent trading day at $103.59, moving -0.93% from the previous trading session.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |