In the latest trading session, Chesapeake Energy (CHK) closed at $1.58, marking a -1.25% move from the previous day. This change lagged the S&P 500's 0.09% gain on the day. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, lost 0.17%.
Heading into today, shares of the natural gas company had gained 8.84% over the past month, outpacing the Oils-Energy sector's gain of 0.47% and the S&P 500's gain of 4.92% in that time.
CHK will be looking to display strength as it nears its next earnings release. In that report, analysts expect CHK to post earnings of -$0.08 per share. This would mark a year-over-year decline of 142.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.20 billion, up 0.11% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.26 per share and revenue of $4.84 billion. These totals would mark changes of -128.89% and -6.12%, respectively, from last year.
Any recent changes to analyst estimates for CHK should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 25.71% lower. CHK is holding a Zacks Rank of #4 (Sell) right now.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 200, putting it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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