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Crescent Energy (CRGY) closed at $15.45, reflecting a decrease of 1.21% on the day, trailing behind the S&P 500’s gain of 0.53%. Over the past month, CRGY has increased by 7.05%, outperforming the Oils-Energy sector which rose by 5.88% and the S&P 500 that gained 1.24%.
In its upcoming earnings report, Crescent Energy is expected to disclose an EPS of $0.31, a significant decline of 46.55% year-over-year, while revenue is forecasted to rise 35.5% to $891.2 million. The company currently holds a Zacks Rank of #2 (Buy) and is trading at a Forward P/E ratio of 7.1, considerably lower than the industry average of 20.27.
The Oils-Energy sector ranks 38 out of 250+ industries in the Zacks Industry Rank, which highlights the potential of higher-ranked industries to outperform others. A rise of 24.01% in the Consensus EPS estimate over the past month suggests positive investor sentiment regarding Crescent Energy’s performance.
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