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Centennial Resource Development (CDEV) earnings: expect -2% revenue decline

8:45 am ET, 06 May 2019

Centennial Resource Development, Inc. (CDEV) is announcing earnings on May 06, after the market closes. Wondering what revenue and earnings will look like?

What should you expect from the upcoming earnings?

Revenue for the next quarter is expected to be $212M, which implies -2% growth rate year-over-year.

Earnings per share are expected to come in at $0.04. If this materializes, EPS will decline -84% year-over-year.

How did the stock do last month?

Over the last month, Centennial Resource Development, Inc. (CDEV) returned +19.96%.

How is the stock valued?

Centennial Resource Development, Inc. (CDEV) forward P/E ratio is 13.39, and it’s high compared to its industry peers’ P/E ratio.

What do analysts say about the stock?

Centennial Resource Development (CDEV) average analyst price target is 31.81% above its current price ($10.53).

For the latest price and information on Centennial Resource Development, please visit Finstead and ask for "CDEV", "CDEV analysis" or "CDEV news".

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Centennial Resource Development, Inc. (CDEV) Stock Guide

Updated at: 1:41 pm ET, 17 Sep 2020

Before we start: if you're looking for CDEV stock price, you can quickly find it out by visiting Finny and typing "CDEV quote". If you're looking for a quick scoop on CDEV stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "CDEV". You'll get all this info in one place. Or you can just type "CDEV news" to get the latest stock news.

Looking to buy or sell Centennial Resource Development, Inc. (CDEV)? Interested in getting the full scoop on CDEV, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this CDEV stock guide, we'll address key questions about CDEV, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are CDEV earnings?
2. What is CDEV stock forecast (i.e., prediction)?
3. CDEV buy or sell? What is CDEV Finny Score?
4. What are the reasons to buy CDEV? Why should I buy CDEV stock?
5. What are the reasons to sell CDEV? Why should I sell CDEV stock?
6. What are CDEV key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are CDEV earnings?

CDEV trailing 12-month earnings per share (EPS) is -$1.96.

Analyst Predictions

2. What is CDEV stock forecast (i.e., prediction)?

Based on CDEV analyst price targets, CDEV stock forecast is $1.23 (for a year from now). That means the average analyst price target for CDEV stock is $1.23. The prediction is based on 12 analyst estimates.

The low price target for CDEV is $0.50, while the high price target is $3.00.

CDEV analyst rating is Buy.

Analysis

3. CDEV buy or sell? What is CDEV Finny Score?

#{finnyScore:67}Our quantitative analysis shows 6 reasons to buy and 3 reasons to sell CDEV, resulting in Finny Score of 67.

4. What are the reasons to buy CDEV? Why should I buy CDEV stock?

Here are the reasons to buy CDEV stock:

5. What are the reasons to sell CDEV? Why should I sell CDEV stock?

Let's look at the reasons to sell CDEV stock (i.e., the bear case):

  • CDEV quarterly revenue growth was -62.90%, lower than the industry and sector average revenue growth (-0.16% and -0.04%, respectively). See CDEV revenue growth chart.
  • CDEV short share of float is 10.31%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See CDEV short share of float chart.
  • CDEV cash to debt ratio is 0.01, lower than the average industry (0.08) and sector (0.09) cash to debt ratio. See CDEV cash to debt chart.

Key Stats

6. What are CDEV key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for CDEV:

Metrics CDEV
Price $0.55
Average Price Target / Upside $1.22 / 120.61%
Average Analyst Rating Buy
Forward Dividend Yield 0.00%
Industry Oil & Gas E&P
Sector Energy
Number of Employees 178
Market Cap $190.76M
Forward P/E Ratio -3.41
Price/Book Ratio 0.25
Revenue (TTM) $768.8M
YoY Quarterly Revenue Growth -62.90%
Profit Margin -69.80%

If you liked this analysis, check out Stock Guides for other stocks.

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