A Glimpse of CVR Energy's Earnings Potential

CVR Energy (NYSE:CVI) is preparing to release its quarterly earnings on Monday, 2024-10-28. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect CVR Energy to report an earnings per share (EPS) of $0.21.

The announcement from CVR Energy is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

During the last quarter, the company reported an EPS beat by $0.31, leading to a 6.72% increase in the share price on the subsequent day.

Here's a look at CVR Energy's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.22

0.18

0.34

1.93

EPS Actual

0.09

0.04

0.65

1.89

Price Change %

7.000000000000001%

-8.0%

-3.0%

4.0%

CVR Energy Share Price Analysis

Shares of CVR Energy were trading at $23.94 as of October 24. Over the last 52-week period, shares are down 23.7%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Analyst Views on CVR Energy

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding CVR Energy.

Analysts have given CVR Energy a total of 3 ratings, with the consensus rating being Neutral. The average one-year price target is $24.8, indicating a potential 3.59% upside.

Peer Ratings Comparison

The analysis below examines the analyst ratings ...