Chesapeake Utilities (CPK) Q1 Earnings: What's In Store?
Zacks Investment Research | May 06, 2018 10:12PM ET
Chesapeake Utilities Corporation (NYSE:CPK) is set to report first-quarter 2018 results on May 9, before the market opens. In the last reported quarter, the company posted a positive earnings surprise of 9.41%.
Let’s see how things are shaping up prior to the announcement.
Factors to Consider
Chesapeake Utilities expects strong growth in margin on the back of capital investments of $761 million during 2013-2017.
Chesapeake Utilities anticipates the corporate federal income tax rate to have a positive impact on earnings, primarily from its unregulated energy businesses.
First-quarter 2018 results will be driven by $1.6-million annualized rate increases in Florida, effective January 2018.
The Zacks Consensus Estimate for first-quarter 2018 total revenues is pegged at $207 million, reflecting an increase of 11.9% year over year. The Zacks Consensus Estimate for earnings is pegged at $1.34, reflecting a 14.5% increase from the year-ago quarter.
Earnings Whisper
Our proven model does not show earnings beat for Chesapeake Utilities in the to-be-reported quarter. This is because a stock needs to have a positive the complete list of today’s Zacks #1 Rank stocks here .
Chesapeake Utilities Corporation Price and EPS Surprise
sector that have the right combination of elements to post an earnings beat this quarter.
Just Energy Group, Inc. (TO:JE) has an Earnings ESP of +23.08%. It carries a Zacks Rank #3 and is expected to report fourth-quarter fiscal 2018 results on May 16.
Duke Energy Corporation (NYSE:DUK) is expected to release first-quarter 2018 results on May 10. The company has an Earnings ESP of +1.66% and a Zacks Rank #3.
Ameren Corporation (NYSE:AEE) is expected to release first-quarter 2018 results on May 9. The company has an Earnings ESP of +1.45% and a Zacks Rank #3.
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