Crescent Energy Co reports results for the quarter ended June 30 - Earnings Summary

• Crescent Energy Co CRGY reported quarterly adjusted earnings of 43 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 3 cents to 53 cents per share.

• Revenue rose 37.5% to $897.98 million from a year ago; analysts expected $890.17 million.

• Crescent Energy Co's reported EPS for the quarter was 60 cents​.

• The company reported quarterly net income of $153.22 million.

• Crescent Energy Co shares had risen by 4.2% this quarter and lost 38.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Crescent Energy Co is $14.50, about 38.8% above its last closing price of $8.88

This summary was machine generated from LSEG data August 4 at 09:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)