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Earnings Outlook For Continental Resources

Benzinga Insights
·1 min read

Continental Resources (NYSE: CLR) releases its next round of earnings this Monday, August 03. Here's Benzinga's essential guide to Continental Resources's Q2 earnings report.

Earnings and Revenue

Continental Resources's per-share loss will be near $-0.6 on sales of $248.57 million, according to Wall Street analysts. Continental Resources EPS in the same period a year ago totaled $0.590. Sales were $1.21 billion. If the company were to match the consensus estimate, earnings would be down 201.69%. Revenue would be down 71.22% from the same quarter last year. Here's how the Continental Resources's reported EPS has stacked up against analyst estimates in the past:

Quarter

Q1 2020

Q4 2020

Q3 2019

Q2 2019

EPS Estimate

0.01

0.52

0.48

0.63

EPS Actual

-0.08

0.55

0.54

0.59

Revenue Estimate

863.67 M

1.14 B

1.11 B

1.18 B

Revenue Actual

880.80 M

1.20 B

1.10 B

1.21 B

Stock Performance

Over the last 52-week period, shares are down 45.09%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

View more earnings on CLR

Don't be surprised to see the stock move on comments made during its conference call. Continental Resources is scheduled to hold the call at 12:00:00 ET and can be accessed here: https://www.webcaster4.com/Webcast/Page/2083/35745

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