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 Co. (NYSE: CRC) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating and a $63.00 price target on the stock.MarketBeat
- California Resources Corporation Announces January Investor Conference Participation [Yahoo! Finance]Yahoo! Finance
- California Resources Corporation Announces January Investor Conference ParticipationGlobeNewswire
- California Resources Co. (NYSE: CRC) was upgraded by analysts at Capital One Financial Co. to a "strong-buy" rating.MarketBeat
- California Resources and Net Power link for low-carbon power solutions [Yahoo! Finance]Yahoo! Finance
CRC
Earnings
- 11/5/24 - Beat
CRC
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- 12/12/24 - Form 144
- CRC's page on the SEC website