With a market cap of $17.9 billion, Coterra Energy Inc. (CTRA) operates in the oil and gas industry and focuses on the development, exploration, and production of natural gas, oil, and natural gas liquids in the U.S. With key assets in the Marcellus Shale, Permian Basin, and Anadarko Basin, it serves a diverse range of energy markets. The Houston, Texas-based company is expected to announce its fiscal Q3 earnings results after the market closes on Thursday, Oct. 31.
Ahead of this event, analysts expect CTRA to report a profit of $0.37 per share, down 21.3% from $0.47 per share in the previous year's quarter. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions. In the most recent quarter, the company missed the consensus EPS estimate by a margin of 12.5%.
