Published on 25 Oct 2022 on Zacks via Yahoo Finance
Why Continental Resources (CLR) Could Beat Earnings Estimates Again
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Continental Resources (CLR), which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry.
This independent oil and gas company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 9.71%.
For the most recent quarter, Continental Resources was expected to post earnings of $3.17 per share, but it reported $3.47 per share instead, representing a surprise of 9.46%. For the previous quarter, the consensus estimate was $2.41 per share, while it actually produced $2.65 per share, a surprise of 9.96%.