CRKN Earnings

CRKN reported its earnings on 2024-08-14, showcasing a revenue of 5.00K against an estimate of , resulting in a 0% surprise. The EPS was -5.89, surpassing the expected 0 by 0% . The stock experienced a -10.15% price change on the earnings day and a -9.64% change over the next five days, reflecting market reactions to the results.

Following CRKN's earnings announcement on 2024-08-14, the stock price moved by -10.15% on the day of the release. Over the subsequent five days, it saw a -9.64% change. Historically, CRKN's stock price tends to shift by an average of +4.24% in the 10 days leading up to earnings and -14.90% in the 10 days following, providing insight into potential market.

For , analysts estimate CRKN’s annual revenue to reach , while the EPS is projected at undefined. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by % and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.

The correlation between CRKN's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for were No Change by %, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, CRKN's stock price typically moves by +4.24% in the 10 days before its earnings and -14.90% in the 10 days after. For the upcoming earnings, analysts expect an EPS of undefined and revenue of .

The earnings call highlights strong revenue growth and significant new contracts, particularly in lead pipe projects, indicating positive future prospects. Despite increased expenses and net loss, the optimistic guidance for 2025 and profitability expectations are encouraging. However, regulatory and supply chain risks, along with competitive pressures, pose challenges. The lack of a shareholder return plan is a neutral factor. Overall, the positive revenue outlook and strategic growth initiatives suggest a positive stock price movement in the short term.