To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. Recent revisions tend to reflect the latest near-term business trends. It is also important to note the recent changes to analyst estimates for CHK. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.22 billion, down 29.65% from the year-ago period. This would mark a year-over-year decline of 128.57%. In that report, analysts expect CHK to post earnings of -$0.06 per share. Investors will be hoping for strength from CHK as it approaches its next earnings release, which is expected to be February 26, 2020. In that same time, the Oils-Energy sector lost 5.93%, while the S&P 500 gained 1.18%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 0.26%.Ĭoming into today, shares of the natural gas company had lost 34.78% in the past month. This move lagged the S&P 500's daily gain of 0.31%. In the latest trading session, Chesapeake Energy (CHK) closed at $0.53, marking a -1.82% move from the previous day.
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