

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. The Zacks Consensus Estimate for FANG’s earnings is pegged at $6.65 per unit, suggesting a massive improvement from the prior-year figure. FANG has an Earnings ESP of +0.60% and a Zacks Rank #3 at present.ĭiamondback is scheduled to release second-quarter earnings on Aug 1. The Zacks Consensus Estimate for CPE’s quarterly earnings is pegged at $3.90 per share, suggesting an increase of 161.7% from the prior-year figure.ĭiamondback Energy, Inc. The Zacks Consensus Estimate for COP’s quarterly earnings is pegged at $3.78 per share, suggesting an increase of 197.6% from the prior-year reported figure.Ĭallon Petroleum Company CPE has an Earnings ESP of +1.85% and is a Zacks #3 Ranked player at present.Ĭallon is scheduled to release second-quarter results on Aug 3.

You can see the complete list of today’s Zacks #1 Rank stocks here.ĬonocoPhillips is scheduled to release second-quarter results on Aug 4. Here are some companies from the Energy space that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in the upcoming quarterly reports:ĬonocoPhillips COP has an Earnings ESP of +1.21% and is a Zacks #3 Ranked player at present. Zacks Rank: Chesapeake Energy currently carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. As you can see, that is not the case here.Įarnings ESP: Chesapeake Energy has an Earnings ESP of 0.00%. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. Our proven model does not conclusively predict an earnings beat for Chesapeake Energy this time around. Healthier commodity prices are likely to have aided Chesapeake Energy since the company is a leading upstream energy player.

In the June-end quarter, crude oil and natural gas prices were significantly higher than the prior-year quarter. The Zacks Consensus Estimate for the second quarter’s revenues of $1.7 billion indicates a 147.3% improvement from the year-ago reported figure. The consensus estimate suggests a year-over-year increase of 128%. The Zacks Consensus Estimate for CHK’s second-quarter earnings per share of $3.74 has witnessed four upward revisions and no downward movement in the past 30 days. Let’s see how things have shaped up prior to the announcement.
