Cimarex (XEC) Down 1.7% Since Last Earnings Report: Can It Rebound?
It has been about a month since the last earnings report for Cimarex Energy (XEC). Shares have lost about 1.7% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Cimarex due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Cimarex Earnings Miss Estimate in Q3, Decline Y/Y
Cimarex Energy reported third-quarter 2019 earnings per share of 91 cents, missing the Zacks Consensus Estimate of 93 cents and declining from the year-ago quarter’s $1.99.
Total revenues of $582.3 million beat the Zacks Consensus Estimate of $570 million but declined from the y ...