• Crescent Energy Co CRGY.N reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 46 cents per share. Wall Street expected results to range from 32 cents to 58 cents per share.

• Revenue rose 44.5% to $950.17 million from a year ago; analysts expected $944.92 million.

• Crescent Energy Co's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $2.15 million.

• Crescent Energy Co shares had fallen by 23.3% this quarter and lost 41.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.5% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Crescent Energy Co is $14.25

This summary was machine generated from LSEG data May 5 at 10:22 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)