Coterra Energy (CTRA) ended the recent trading session at $31.67, demonstrating a -4.06% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 1.18%. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq appreciated by 1.96%.
Shares of the independent oil and gas company have appreciated by 1.98% over the course of the past month, underperforming the Oils-Energy sector's gain of 2.34%, and the S&P 500's gain of 3.93%.
Investors will be eagerly watching for the performance of Coterra Energy in its upcoming earnings disclosure. In that report, analysts expect Coterra Energy to post earnings of $0.91 per share. This would mark year-over-year growth of 13.75%. At the same time, our most recent consensus estimate is projecting a revenue of $2.11 billion, reflecting a 10.62% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.82 per share and a revenue of $8.12 billion, indicating changes of +35.58% and +6.26%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Coterra Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 30.75% increase. Coterra Energy is currently a Zacks Rank #1 (Strong Buy).
In the context of valuation, Coterra Energy is at present trading with a Forward P/E ratio of 11.69. This represents a discount compared to its industry average Forward P/E of 11.7.
Also, we should mention that CTRA has a PEG ratio of 0.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Oil and Gas - Exploration and Production - United States industry held an average PEG ratio of 1.01.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 29, this industry ranks in the top 12% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
SeeWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Coterra Energy Inc. (CTRA): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).