Published on 1 May 2024 on Zacks via Yahoo Finance
Chord Energy Corporation (CHRD) Reports Next Week: Wall Street Expects Earnings Growth
The market expects Chord Energy Corporation (CHRD) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 7. On the other hand, if they miss, the stock may move lower.