We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Cabot (CTRA) Q4 Earnings: A Look at Key Metrics
Read MoreHide Full Article
For the quarter ended December 2024, Coterra Energy (CTRA - Free Report) reported revenue of $1.4 billion, down 12.6% over the same period last year. EPS came in at $0.49, compared to $0.52 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.4 billion, representing a surprise of -0.40%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being $0.42.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cabot performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Production Volumes - Total Company - Daily equivalent production: 681.5 MBOE/d versus the eight-analyst average estimate of 653.62 MBOE/d.
Production Volumes - Total Company - Natural gas liquids: 105.4 MBbl compared to the 106.67 MBbl average estimate based on seven analysts.
Production Volumes - Total Company - Natural gas: 2,778.9 MMcf/d compared to the 2,623.03 MMcf/d average estimate based on seven analysts.
Production Volumes - Total Company - Oil: 113 MBbl/d versus the seven-analyst average estimate of 110.38 MBbl/d.
Average sales price (excluding hedges) - Total Company - Natural gas: $2.02 per thousand cubic feet versus the four-analyst average estimate of $1.97 per thousand cubic feet.
Average sales price (including hedges) - Total Company - NGL: 20.94 $/Bbl versus 20.18 $/Bbl estimated by four analysts on average.
Average sales price (including hedges) - Total Company - Oil: 68.7 $/Bbl compared to the 68.89 $/Bbl average estimate based on four analysts.
Average sales price (excluding hedges) - Total Company - Oil: 68.57 $/Bbl versus 68.77 $/Bbl estimated by three analysts on average.
Operating revenues- Oil: $713 million versus $715.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.9% change.
Operating revenues- Natural gas: $516 million versus $482.11 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.7% change.
Operating revenues- NGL: $203 million versus the two-analyst average estimate of $215.37 million. The reported number represents a year-over-year change of +20.8%.
Operating revenues- Other: $14 million versus the two-analyst average estimate of $20.50 million. The reported number represents a year-over-year change of -56.3%.
Shares of Cabot have returned -3% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Cabot (CTRA) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2024, Coterra Energy (CTRA - Free Report) reported revenue of $1.4 billion, down 12.6% over the same period last year. EPS came in at $0.49, compared to $0.52 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.4 billion, representing a surprise of -0.40%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being $0.42.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cabot performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Production Volumes - Total Company - Daily equivalent production: 681.5 MBOE/d versus the eight-analyst average estimate of 653.62 MBOE/d.
- Production Volumes - Total Company - Natural gas liquids: 105.4 MBbl compared to the 106.67 MBbl average estimate based on seven analysts.
- Production Volumes - Total Company - Natural gas: 2,778.9 MMcf/d compared to the 2,623.03 MMcf/d average estimate based on seven analysts.
- Production Volumes - Total Company - Oil: 113 MBbl/d versus the seven-analyst average estimate of 110.38 MBbl/d.
- Average sales price (excluding hedges) - Total Company - Natural gas: $2.02 per thousand cubic feet versus the four-analyst average estimate of $1.97 per thousand cubic feet.
- Average sales price (including hedges) - Total Company - NGL: 20.94 $/Bbl versus 20.18 $/Bbl estimated by four analysts on average.
- Average sales price (including hedges) - Total Company - Oil: 68.7 $/Bbl compared to the 68.89 $/Bbl average estimate based on four analysts.
- Average sales price (excluding hedges) - Total Company - Oil: 68.57 $/Bbl versus 68.77 $/Bbl estimated by three analysts on average.
- Operating revenues- Oil: $713 million versus $715.22 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.9% change.
- Operating revenues- Natural gas: $516 million versus $482.11 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.7% change.
- Operating revenues- NGL: $203 million versus the two-analyst average estimate of $215.37 million. The reported number represents a year-over-year change of +20.8%.
- Operating revenues- Other: $14 million versus the two-analyst average estimate of $20.50 million. The reported number represents a year-over-year change of -56.3%.
View all Key Company Metrics for Cabot here>>>Shares of Cabot have returned -3% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.