May. 3 at 1:39 AM
$CRC "eads up alert! Upcoming earnings on Tuesday, 5/6/2025 for
$CRC Bearish (2.5)
In the current financial landscape, California Resources Corporation (CRC) faces challenges ahead of its upcoming earnings report.
The consensus among analysts indicates that CRC lacks the favorable conditions necessary for a promising earnings beat, primarily attributed to its financial metrics compared to industry peers.
As of the latest reporting period, CRC's P/E ratio stands at approximately 10.5, slightly below the industry average of 12.3, suggesting the stock may be undervalued relative to its competitors.
However, the company's earnings per share (EPS) growth has been modest, projected at 3% for the upcoming quarter, which is significantly weaker than the 8% industry average.
Revenue forecasts also reflect a cautious outlook, with expected revenues of
$650 million, falling short of the projected
$700 million by analysts.
This underperformance adds to the bearish sentiment surrounding CRC, as investors weigh the company's ability to navigate current market conditions effectively.
In terms of upcoming earnings reports, CRC is scheduled to release its first-quarter financial results on May 6th, 2025.
Historical performance has shown volatility, with the last quarter's results missing expectations, which could heighten market scrutiny.
Analysts are projecting a consensus EPS of
$0.40, down from
$0.45 in the previous quarter, reflecting concerns regarding operational efficiency and commodity price fluctuations.
The anticipated call on May 7th will be crucial, as management's guidance and outlook could significantly influence investor sentiment and stock performance.
Given the current forecasts and historical trends, there remains a level of uncertainty surrounding CRC's earnings potential, which could impact its stock valuation in the near term.
- Funds were net sellers of
$CRC during the previous reporting quarter.
- Top 5 funds with large holdings in
$CRC:
* Oaktree Capital Management LP
$106MM. CGMFundRank: 64%, Fund Website: www.oaktreecapital.com
* Orbis Holdings LTD
$60MM. CGMFundRank: 86%, Fund Website: www.orbis.com
* Sourcerock Group LLC
$56MM. CGMFundRank: 71%, Fund Website: www.sourcerocklp.com
* Point72 Asset Management LP
$17MM. CGMFundRank: 94%, Fund Website: www.point72.com
* Balyasny Asset Management LLC
$17MM. CGMFundRank: 92%, Fund Website: www.bamfunds.com
- Last 10 days performance: 4%
- Last 30 days performance: -21%
- Last 90 days performance: -26%
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