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Cabot (CTRA) Up 7.1% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for Coterra Energy (CTRA - Free Report) . Shares have added about 7.1% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Cabot due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended upward during the past month.
VGM Scores
Currently, Cabot has a poor Growth Score of F, however its Momentum Score is doing a lot better with a B. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Cabot has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Cabot is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, Antero Resources (AR - Free Report) , a stock from the same industry, has gained 10.9%. The company reported its results for the quarter ended December 2024 more than a month ago.
Antero Resources reported revenues of $1.17 billion in the last reported quarter, representing a year-over-year change of -2.1%. EPS of $0.58 for the same period compares with $0.22 a year ago.
Antero Resources is expected to post earnings of $0.68 per share for the current quarter, representing a year-over-year change of +871.4%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Antero Resources. Also, the stock has a VGM Score of C.