California Resources (CRC) Earnings Date, Estimates & Call Transcripts

$48.78
-1.41 (-2.81%)
(As of 05/10/2024 ET)

Earnings Summary

Upcoming
Earnings Date
Jul. 29Estimated
Actual EPS
(May. 7)
$0.75 Beat By $0.17
Consensus EPS
(May. 7)
$0.58
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CRC Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

CRC Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

California Resources Analyst EPS Estimates

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20241$0.52$0.52$0.52
Q2 20241$0.96$0.96$0.96
Q3 20241$1.72$1.72$1.72
Q4 20241$1.22$1.22$1.22
FY 20244$4.42$4.42$4.42
Q1 20251$0.97$0.97$0.97
Q2 20251$1.09$1.09$1.09
Q3 20251$1.56$1.56$1.56
Q4 20251$1.53$1.53$1.53
FY 20254$5.15$5.15$5.15

CRC Earnings Date and Information

California Resources last issued its quarterly earnings results on May 7th, 2024. The oil and gas producer reported $0.75 EPS for the quarter, topping the consensus estimate of $0.58 by $0.17. The company had revenue of $454 million for the quarter, compared to analysts' expectations of $490.21 million. Its quarterly revenue was down 55.7% on a year-over-year basis. California Resources has generated $3.49 earnings per share over the last year ($3.49 diluted earnings per share) and currently has a price-to-earnings ratio of 14.0. Earnings for California Resources are expected to grow by 44.67% in the coming year, from $4.88 to $7.06 per share. California Resources has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Monday, July 29th, 2024 based off prior year's report dates.

California Resources Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueCall Transcript
7/29/2024
Estimated)
------- 
5/7/2024Q1 2024$0.58$0.75+$0.17$1.64$490.21 million$454.00 million    
2/27/2024Q4 2023$1.01$0.93($0.08)($0.74)$553.47 million$726.00 million    
11/1/2023Q3 2023$0.79$1.02+$0.23$2.36$524.16 million$460.00 million    
7/31/2023Q2 2023$0.86$0.53($0.33)($0.29)$535.59 million$591.00 million      
5/1/2023Q1 2023$2.09$2.63+$0.54$1.17$746.35 million$1.02 billion
2/24/2023Q4 2022$1.77$1.24($0.53)$1.37$639.65 million$682.00 million      
11/3/2022Q3 2022$1.28$1.45+$0.17($2.68)$755.00 million$1.13 billion
8/3/2022Q2 2022$1.96$1.13($0.83)($0.15)-$747.00 million
5/5/2022Q1 2022$1.14$1.13($0.01)$4.49$443.19 million$153.00 million    
2/24/2022Q4 2021$1.95$2.13+$0.18($4.45)$544.36 million$634.00 million    
11/11/2021Q3 2021$1.32$1.83+$0.51$2.41$522.40 million$588.00 million    
8/5/2021Q2 2021-$0.94+$0.94$3.22-$304.00 million  
5/13/2021Q1 2021-$1.22+$1.22$3.57-$363.00 million

California Resources Earnings - Frequently Asked Questions

When is California Resources's earnings date?

California Resources has not confirmed its next earnings publication date, but the company's estimated earnings date is Monday, July 29th, 2024 based off last year's report dates. Learn more on CRC's earnings history.

Did California Resources beat their earnings estimates last quarter?

In the previous quarter, California Resources (NYSE:CRC) reported $0.75 earnings per share (EPS) to beat the analysts' consensus estimate of $0.58 by $0.17. Learn more on analysts' earnings estimate vs. CRC's actual earnings.

How can I listen to California Resources's earnings conference call?

The conference call for California Resources's latest earnings report can be listened to online. Listen to Conference Call

How can I read California Resources's conference call transcript?

The conference call transcript for California Resources's latest earnings report can be read online. Read Transcript

How much revenue does California Resources generate each year?

California Resources (NYSE:CRC) has a recorded annual revenue of $2.80 billion.

How much profit does California Resources generate each year?

California Resources (NYSE:CRC) has a recorded net income of $564 million. CRC has generated $3.49 earnings per share over the last four quarters.

What is California Resources's price-to-earnings ratio?

California Resources (NYSE:CRC) has a trailing price-to-earnings ratio of 13.98 and a forward price-to-earnings ratio of 10.00.

What is California Resources's EPS forecast for next year?

California Resources's earnings are expected to grow from $4.88 per share to $7.06 per share in the next year, which is a 44.67% increase.


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This page (NYSE:CRC) was last updated on 5/12/2024 by MarketBeat.com Staff

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