Benzinga | Jul 30, 2021 10:29AM EDT

CVR Energy Earnings Preview

CVR Energy (NYSE:CVI) unveils its next round of earnings this Monday, August 02. Get prepared with Benzinga's ultimate preview for CVR Energy's Q2 earnings.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts covering CVR Energy have modeled for quarterly EPS loss of $0.33 on revenue of $1.41 billion. In the same quarter last year, CVR Energy posted a loss of $0.44 per share on sales of $675.00 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate when it reports Monday, earnings would be up 25.0%. Revenue would be have grown 108.89% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate -1.17 -0.72 -0.52 -0.42EPS Actual -1.33 -1.18 -0.57 -0.44Revenue Estimate 1.17 B 1.19 B 1.13 B 890.36 MRevenue Actual 1.46 B 1.12 B 1.00 B 675.00 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of CVR Energy were trading at $13.91 as of July 29. Over the last 52-week period, shares are down 18.73%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. CVR Energy is scheduled to hold the call at 15:00:00 ET and can be accessed here.