Zacks.com submits:
Chesapeake Energy Corporation (CHK) reported better-than-expected fourth quarter results driven by strong production volumes and reduced costs. Quarterly earnings were 77 cents per share, compared to the Zacks Consensus Estimate of 69 cents and year-earlier quarter earnings of 75 cents. Before adjusting for one-time items, its loss per share was 84 cents.
Estimate Revisions Trend
With improving production numbers, we see a positive trend in estimate revisions. For the last 30 days, 9 of the 29 analysts covering the stock raised estimates for fiscal 2010 while 3 analysts moved in the opposite direction. No up or downside movements occurred in the last 7 days.
