Chesapeake Energy’s 4Q16 revenue estimates
Chesapeake Energy (CHK) is expected to release its 4Q16 earnings results on February 23, 2017, before the market opens. Chesapeake Energy’s 4Q16 revenue estimates are higher than its revenues for the previous two quarters.
For 4Q16, CHK’s revenue estimate is ~$2.6 billion, which is ~2.4% lower than its 4Q15 revenues but ~13.6% higher than its 3Q16 revenues. The chart below shows how Chesapeake Energy’s revenues missed estimates in the previous quarters. Investors should watch to see if this trend continues in 4Q16.
4Q16 EPS estimates
Chesapeake Energy’s 4Q16 EPS (earnings per share) estimate is $0.09. Its 4Q15 EPS came in at -$0.16, and its 3Q16 EPS came in at $0.09.
Chesapeake Energy’s peer Noble Energy (NBL) is expected to report a loss of $0.10 per share in 4Q16.
CHK’s EPS had beaten analysts’ estimates by a huge margin in 3Q16 and secondly, it had been positive for the first time in 2016. Keep watching Market Realist for earnings coverage on upstream oil and gas companies.