Published on 27 Feb 2024 on Zacks via Yahoo Finance
Here's What Key Metrics Tell Us About California Resources Corporation (CRC) Q4 Earnings
For the quarter ended December 2023, California Resources Corporation (CRC) reported revenue of $726 million, up 6.5% over the same period last year. EPS came in at $0.93, compared to $1.24 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $610.7 million, representing a surprise of +18.88%. The company delivered an EPS surprise of -7.92%, with the consensus EPS estimate being $1.01.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.