Coterra Energy Shares Drop 2.5%; Q1 EPS Seen Down 35%
Coterra Energy shares closed at $30.41, down 2.47% on the day, underperforming the S&P 500’s 0.21% decline. The stock is forecast to report Q1 EPS of $0.52 (down 35% year-over-year) on $2.04 billion revenue (+7.04%) and holds a strong sell ranking with a premium forward P/E of 16.47.
1. Daily Trading Performance
Coterra Energy shares closed at $30.41, down 2.47% from the prior session, lagging the S&P 500’s 0.21% loss, the Dow’s 0.07% decline and underperforming the Nasdaq’s 0.01% gain.
2. Q1 Earnings and Revenue Forecast
Analysts forecast first-quarter EPS of $0.52, representing a 35% drop from the year-ago quarter, on projected revenue of $2.04 billion, up 7.04% year-over-year.
3. Full-Year Projections
For the full year, consensus estimates call for earnings of $1.89 per share (down 9.13%) and revenue of $7.7 billion (up 0.66%) compared with the prior year.
4. Analyst Ranking and Valuation
The consensus EPS estimate has declined 3.28% over the past 30 days, the stock holds a strong sell ranking, and it trades at a forward P/E of 16.47 versus the industry average of 15.53, with a PEG ratio of 0.69 in line with peers.