Brokerages Expect Chesapeake Energy Co. (NYSE:CHK) Will Announce Quarterly Sales of $1.34 Billion

Analysts predict that Chesapeake Energy Co. (NYSE:CHKGet Rating) will report $1.34 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Chesapeake Energy’s earnings, with the lowest sales estimate coming in at $1.32 billion and the highest estimate coming in at $1.37 billion. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Chesapeake Energy will report full year sales of $6.48 billion for the current fiscal year, with estimates ranging from $6.08 billion to $6.88 billion. For the next financial year, analysts forecast that the firm will post sales of $6.54 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Chesapeake Energy.

Chesapeake Energy (NYSE:CHKGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The company reported $2.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.40 by ($0.01). The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $1.08 billion.

Separately, StockNews.com started coverage on shares of Chesapeake Energy in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

Shares of Chesapeake Energy stock opened at $82.76 on Tuesday. The business has a fifty day moving average price of $84.00. Chesapeake Energy has a 1-year low of $45.41 and a 1-year high of $97.61.

About Chesapeake Energy (Get Rating)

Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana; and the liquids-rich resource play in the Eagle Ford Shale in South Texas.

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