CVR Energy (CVI) Earnings Preview: What to Expect on October 28th
Get ready for the upcoming earnings release from CVR Energy (CVI), scheduled for Monday, October 28th. Investors will be closely watching to see if the company can deliver on analyst expectations and provide positive guidance for the future.
Analyst Expectations and Key Metrics
Analysts predict that CVR Energy will report earnings per share (EPS) of $0.21 for the quarter. Investors will be looking for signs that the company has surpassed these estimates and is setting itself up for strong performance in the next quarter. It’s worth noting that guidance from management can significantly impact stock price movements, making it a key factor to watch.
Historical Performance and Share Price Analysis
Looking back at CVR Energy’s recent performance, the company beat EPS estimates by $0.31 in the last quarter, resulting in a 6.72% increase in share price the following day. This highlights the potential impact of positive earnings surprises. Here’s a quick breakdown of CVR Energy’s past performance and the corresponding share price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | -0.22 | 0.09 | 7.00% |
| Q1 2024 | 0.18 | 0.04 | -8.0% |
| Q4 2023 | 0.34 | 0.65 | -3.0% |
| Q3 2023 | 1.93 | 1.89 | 4.0% |
As of October 24th, shares of CVR Energy were trading at $23.94. However, over the last 52 weeks, the stock is down 23.7%, suggesting that long-term shareholders are likely hoping for a positive earnings release to improve the company’s trajectory.
Analyst Sentiment and Peer Comparisons
It’s crucial for investors to understand the market sentiment surrounding CVR Energy. Analysts have given the company a total of 3 ratings, with a consensus rating of Neutral. The average one-year price target is $24.8, indicating a potential 3.59% upside.
To gain further perspective, let’s compare CVR Energy to its peers: World Kinect, PBF Energy, and Delek US Hldgs. These companies are significant players in the energy sector and provide valuable insights into relative performance expectations and market positioning.
*
World Kinect:
Analyst consensus is Neutral, with an average one-year price target of $29.75, indicating a potential 24.27% upside.*
PBF Energy:
Analyst consensus is Neutral, with an average one-year price target of $37.08, indicating a potential 54.89% upside.*
Delek US Hldgs:
Analyst consensus is Neutral, with an average one-year price target of $20.6, indicating a potential 13.95% downside.Key Financial Metrics to Watch
This table summarizes key financial metrics for CVR Energy and its peers, providing a snapshot of their performance and market positions:
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| CVR Energy | Neutral | -12.03% | $55M | 2.43% |
| World Kinect | Neutral | -0.14% | $245.20M | 5.44% |
| PBF Energy | Neutral | -4.60% | $6.30M | -1.03% |
| Delek US Hldgs | Neutral | -18.45% | $45.10M | -4.48% |
Key Takeaways
* CVR Energy ranks at the bottom for Revenue Growth among its peers, indicating challenges in increasing top-line earnings.
* The company’s Gross Profit is in the middle compared to its peers.
* CVR Energy boasts a high Return on Equity, surpassing its peers, demonstrating efficient use of shareholder capital.
About CVR Energy
CVR Energy Inc is a leading energy company with operations in petroleum refining and nitrogen fertilizer manufacturing. Through its subsidiaries, the company operates several refineries, a crude oil gathering system, pipelines and storage tanks, and marketing and supply operations. CVR Energy serves a range of customers, including retailers, railroads, and farm cooperatives.
Market Capitalization Analysis
CVR Energy’s market capitalization is below industry benchmarks, indicating a smaller scale relative to its peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges
CVR Energy experienced a decline of approximately -12.03% in revenue growth over the past three months. This indicates a decrease in top-line earnings and presents a challenge compared to the average growth rate of its peers in the energy sector.
Financial Health
CVR Energy demonstrates strong financial health with an excellent net margin of 1.07%, indicating efficient cost management. Additionally, the company’s impressive Return on Equity (ROE) of 2.43% and Return on Assets (ROA) of 0.52% highlight its efficient use of equity capital and assets.
Debt Management
While CVR Energy has a debt-to-equity ratio of 1.88, which is higher than the industry average, this suggests a reliance on borrowed funds and potentially higher financial risk.
Stay Informed
To stay up-to-date on all earnings releases for CVR Energy, visit their earnings calendar on our website.