26.07.2021 21:01

Continental Resources (CLR) Earnings Expected to Grow: Should You Buy?

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Wall Street expects a year-over-year increase in earnings on higher revenues when Continental Resources (CLR) reports results for the quarter ended June 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 2, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.Zacks Consensus EstimateThis independent oil and gas company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +174.7%.Revenues are expected to be $1.11 billion, up 532.2% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 44.22% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Continental Resources?For Continental Resources, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +8.88%.On the other hand, the stock currently carries a Zacks Rank of #1.So, this combination indicates that Continental Resources will most likely beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Continental Resources would post earnings of $0.52 per share when it actually produced earnings of $0.77, delivering a surprise of +48.08%.Over the last four quarters, the company has beaten consensus EPS estimates two times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Continental Resources appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Time to Invest in Legal MarijuanaIf you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Continental Resources, Inc. (CLR): Free Stock Analysis Report To read this article on Zacks.com click here.
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Analysen zu Continental AG

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  • Buy
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17.09.2021Continental KaufenDZ BANK
17.09.2021Continental BuyUBS AG
17.09.2021Continental OverweightJP Morgan Chase & Co.
16.09.2021Continental BuyWarburg Research
14.09.2021Continental HoldKepler Cheuvreux
17.09.2021Continental KaufenDZ BANK
17.09.2021Continental BuyUBS AG
17.09.2021Continental OverweightJP Morgan Chase & Co.
16.09.2021Continental BuyWarburg Research
13.09.2021Continental OverweightJP Morgan Chase & Co.
14.09.2021Continental HoldKepler Cheuvreux
09.09.2021Continental Sector PerformRBC Capital Markets
11.08.2021Continental Sector PerformRBC Capital Markets
09.08.2021Continental Equal WeightBarclays Capital
06.08.2021Continental HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
18.12.2020Continental NeutralUBS AG
22.10.2020Continental ReduceKepler Cheuvreux
01.09.2020Continental UnderweightJP Morgan Chase & Co.
07.08.2020Continental UnderweightJP Morgan Chase & Co.
07.08.2020Continental UnderweightBarclays Capital

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Continental AG nach folgenden Kriterien zu filtern.

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Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
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