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Chesapeake (CHK): What's in Store This Earnings Season?

Chesapeake Energy Corp. CHK is slated to report first-quarter 2016 results on May 5, 2016, before the opening bell.

In the preceding three-month period, the company reported a positive earnings surprise of 5.88%. Coming to earnings surprise history, Chesapeake beat estimates in all of the last four quarters.

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Let’s see how things are shaping up prior to the announcement.

Earnings Whispers

Our proven model shows that Chesapeake is likely to beat earnings because it has the perfect combination of two key ingredients.

Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is +9.09%. This is because the Most Accurate estimate stands at a loss of 10 cents, while the Zacks Consensus Estimate is pegged lower at a loss of 11 cents. This is a meaningful and leading indicator of a likely positive earnings surprise.

Zacks Rank: Chesapeake carries a Zacks Rank #3 (Hold), which when combined with...