Chesapeake Energy Corporation (CHK – Free Report) is slated to report fourth-quarter 2017 results on Feb 22, before the opening bell.
In the trailing three months, the company reported a positive earnings surprise of 20.00%. Chesapeake beat the Zacks Consensus Estimate in all the previous four quarters, the average positive earnings surprise being 21.57%.
Chesapeake Energy Corporation Price and EPS Surprise
Chesapeake Energy Corporation Price and EPS Surprise | Chesapeake Energy Corporation Quote
Let’s see how things are shaping up prior to the announcement.
Which Way are Estimates Trending?
Let’s look at the estimate revisions to get a clear picture of what analysts are thinking about the company before earnings release.
The Zacks Consensus Estimate of 25 cents for fourth-quarter earnings has been revised upward over the last 30 days, with three firms being bullish and two firms taking a bearish stance. The figure reflects year-over-year growth of 257.1%.
Further, analysts polled by Zacks expect revenues of $1.23 billion, showing an improvement of 82.1% from the year-ago quarter.
Q4 Price Performance
During the quarter, Chesapeake’s shares have lost 7.9% against the industry’s 9% rally.
Factors Likely to Affect Results
Per the Zacks Consensus Estimate, Chesapeake’s production for the current quarter is pegged at 52 million barrels of oil equivalent (MMBoe/d), higher than 50 MMBoe/d in the preceding quarter.
The Zacks Consensus Estimate for oil production is 9.2 million barrels (MMbbls), showing an improvement of 8 MMbbls in the preceding quarter.
Analysts polled by Zacks expect natural gas production of 226 billion cubic feet (bcf), which shows an increase from 219 bcf in the preceding quarter.
The Zacks Consensus Estimate for natural gas liquids sales production is 5.21 MMbbls, up from 5 MMbbls in the preceding quarter.
The Zacks Consensus Estimate for average realized price of oil (including hedging) is $52 per barrel, flat sequentially.
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