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Why Is Expand Energy (EXE) Up 12.2% Since Last Earnings Report?
It has been about a month since the last earnings report for Expand Energy (EXE - Free Report) . Shares have added about 12.2% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Expand Energy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended upward during the past month.
The consensus estimate has shifted 19.08% due to these changes.
VGM Scores
At this time, Expand Energy has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. 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 looks promising. It comes with little surprise Expand Energy has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry Player
Expand Energy belongs to the Zacks Alternative Energy - Other industry. Another stock from the same industry, Clearway Energy (CWEN - Free Report) , has gained 10.2% over the past month. More than a month has passed since the company reported results for the quarter ended December 2024.
Clearway Energy reported revenues of $256 million in the last reported quarter, representing a year-over-year change of +2.8%. EPS of $0.03 for the same period compares with $0.32 a year ago.
For the current quarter, Clearway Energy is expected to post a loss of $0.30 per share, indicating a change of -1400% from the year-ago quarter. The Zacks Consensus Estimate has changed +22.4% over the last 30 days.
Clearway Energy has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.