California Resources' (NYSE:CRC) Earnings Might Be Weaker Than You Think [Yahoo! Finance]
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
Company Research
Source: Yahoo! Finance
However, we think that investors should be cautious when interpreting the profit numbers. See our latest analysis for California Resources One essential aspect of assessing earnings quality is to look at how much a company is diluting shareholders. California Resources expanded the number of shares on issue by 34% over the last year. As a result, its net income is now split between a greater number of shares. To talk about net income, without noticing earnings per share, is to be distracted by the big numbers while ignoring the smaller numbers that talk to per share value. You can see a chart of California Resources' EPS by clicking here California Resources' net profit dropped by 85% per year over the last three years. On the bright side, in the last twelve months it grew profit by 16%. But EPS was less impressive, up only 11% in that time. And so, you can see quite clearly that dilution is having a rather significant impact on shareholders. Changes in the share price do tend
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CRC
News
- California Resources Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]Yahoo! Finance
- California Resources Co. (NYSE: CRC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- California Resources Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- California Resources Corp (CRC) Q3 2024 Earnings Call Highlights: Strong Production and ... [Yahoo! Finance]Yahoo! Finance
- California Resources Corporation (CRC) Q3 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
CRC
Earnings
- 11/5/24 - Beat
CRC
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/7/24 - Form 4
- CRC's page on the SEC website