California Resources Future Growth
Future criteria checks 1/6
California Resources's earnings are forecast to decline at 4.5% per annum while its annual revenue is expected to grow at 9% per year. EPS is expected to decline by 15.1% per annum. Return on equity is forecast to be 8.8% in 3 years.
Key information
-4.5%
Earnings growth rate
-15.1%
EPS growth rate
| Oil and Gas earnings growth | 7.9% |
| Revenue growth rate | 9.0% |
| Future return on equity | 8.8% |
| Analyst coverage | Good |
| Last updated | 27 Jan 2025 |
Recent future growth updates
California Resources Corporation Just Missed Earnings - But Analysts Have Updated Their Models
Aug 09
Recent updates
Benign Growth For California Resources Corporation (NYSE:CRC) Underpins Its Share Price
Jan 31We Think California Resources (NYSE:CRC) Is Taking Some Risk With Its Debt
Jan 09California Resources (NYSE:CRC) Will Pay A Dividend Of $0.3875
Nov 26California Resources' (NYSE:CRC) Earnings Might Be Weaker Than You Think
Nov 13California Resources (NYSE:CRC) Has Announced A Dividend Of $0.3875
Nov 10Is California Resources Corporation (NYSE:CRC) Trading At A 49% Discount?
Oct 15A Piece Of The Puzzle Missing From California Resources Corporation's (NYSE:CRC) Share Price
Sep 23California Resources' (NYSE:CRC) Dividend Will Be Increased To $0.3875
Aug 10California Resources Corporation Just Missed Earnings - But Analysts Have Updated Their Models
Aug 09California Resources Corporation (NYSE:CRC) Shares Could Be 46% Below Their Intrinsic Value Estimate
Jul 05Return Trends At California Resources (NYSE:CRC) Aren't Appealing
Jun 17We Think California Resources (NYSE:CRC) Is Taking Some Risk With Its Debt
May 23California Resources Corporation's (NYSE:CRC) Price Is Right But Growth Is Lacking
May 01Why We Like The Returns At California Resources (NYSE:CRC)
Feb 01California Resources Corporation (NYSE:CRC) Could Be Riskier Than It Looks
Jan 02California Resources: The Future Of Oil Is In California
Nov 07The Trend Of High Returns At California Resources (NYSE:CRC) Has Us Very Interested
Nov 02California Resources Corporation: Making Moves And Delivering Value
Oct 11We Ran A Stock Scan For Earnings Growth And California Resources (NYSE:CRC) Passed With Ease
Sep 18California Resources: Carbon Capture And Potential Separation From Oil Production
Sep 13California Resources (NYSE:CRC) Is Very Good At Capital Allocation
Jul 22With EPS Growth And More, California Resources (NYSE:CRC) Makes An Interesting Case
Jun 16California Resources Corporation: Despite State Challenges, FCF Remains Strong
Jun 10How To Short Stocks; Bitcoin Miners, Energy Picks And A High Conviction Play With Kirk Spano And CashFlow Hunter
May 23California Resources (NYSE:CRC) Is Paying Out A Larger Dividend Than Last Year
May 19California Resources' (NYSE:CRC) Dividend Will Be Increased To $0.2825
May 05Industry Analysts Just Upgraded Their California Resources Corporation (NYSE:CRC) Revenue Forecasts By 12%
May 04Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2027 | 3,444 | 541 | 475 | 1,073 | 1 |
| 12/31/2026 | 3,379 | 425 | 488 | 983 | 6 |
| 12/31/2025 | 3,360 | 349 | 599 | 989 | 6 |
| 12/31/2024 | 2,982 | 434 | 450 | 699 | 6 |
| 9/30/2024 | 2,592 | 531 | 302 | 535 | N/A |
| 6/30/2024 | 2,259 | 164 | 232 | 419 | N/A |
| 3/31/2024 | 2,310 | 253 | 238 | 430 | N/A |
| 12/31/2023 | 2,767 | 564 | 468 | 653 | N/A |
| 9/30/2023 | 2,980 | 459 | 442 | 636 | N/A |
| 6/30/2023 | 3,198 | 907 | 499 | 767 | N/A |
| 3/31/2023 | 3,485 | 1,000 | 513 | 840 | N/A |
| 12/31/2022 | 3,218 | 524 | 311 | 690 | N/A |
| 9/30/2022 | 3,118 | 1,155 | 410 | 780 | N/A |
| 6/30/2022 | 2,949 | 832 | 413 | 727 | N/A |
| 3/31/2022 | 2,671 | 531 | 407 | 673 | N/A |
| 12/31/2021 | 2,532 | 612 | 466 | 660 | N/A |
| 9/30/2021 | 2,284 | 3,622 | 283 | 421 | N/A |
| 6/30/2021 | 1,980 | 3,628 | 196 | 287 | N/A |
| 3/31/2021 | 1,687 | 3,468 | -19 | 25 | N/A |
| 12/31/2020 | 1,592 | 1,766 | 59 | 106 | N/A |
| 9/30/2020 | 1,821 | -2,024 | 178 | 277 | N/A |
| 6/30/2020 | 2,056 | -2,040 | 280 | 497 | N/A |
| 3/31/2020 | 2,412 | -1,757 | 392 | 746 | N/A |
| 12/31/2019 | 2,693 | -28 | 221 | 676 | N/A |
| 9/30/2019 | 2,873 | 377 | 29 | 608 | N/A |
| 6/30/2019 | 3,111 | 350 | -135 | 499 | N/A |
| 3/31/2019 | 3,195 | 256 | -263 | 419 | N/A |
| 12/31/2018 | 3,063 | 321 | -229 | 461 | N/A |
| 9/30/2018 | 2,840 | -156 | -227 | 416 | N/A |
| 6/30/2018 | 2,468 | -355 | N/A | 362 | N/A |
| 3/31/2018 | 2,225 | -320 | N/A | 315 | N/A |
| 12/31/2017 | 2,096 | -266 | N/A | 248 | N/A |
| 9/30/2017 | 2,001 | -204 | N/A | 210 | N/A |
| 6/30/2017 | 1,961 | 461 | N/A | 206 | N/A |
| 3/31/2017 | 1,923 | 375 | N/A | 148 | N/A |
| 12/31/2016 | 1,753 | 273 | N/A | 130 | N/A |
| 9/30/2016 | 1,735 | -2,933 | N/A | 136 | N/A |
| 6/30/2016 | 1,823 | -3,569 | N/A | 215 | N/A |
| 3/31/2016 | 2,040 | -3,504 | N/A | 403 | N/A |
| 12/31/2015 | 2,270 | -3,554 | N/A | 403 | N/A |
| 9/30/2015 | 2,607 | -2,352 | N/A | 916 | N/A |
| 6/30/2015 | 3,141 | -2,063 | N/A | 1,367 | N/A |
| 3/31/2015 | 3,629 | -1,753 | N/A | 1,746 | N/A |
| 12/31/2014 | 4,178 | -1,434 | N/A | 2,371 | N/A |
| 9/30/2014 | 4,432 | 844 | N/A | 2,440 | N/A |
| 6/30/2014 | 4,447 | 894 | N/A | 2,535 | N/A |
| 3/31/2014 | 4,357 | 857 | N/A | 2,508 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRC's earnings are forecast to decline over the next 3 years (-4.5% per year).
Earnings vs Market: CRC's earnings are forecast to decline over the next 3 years (-4.5% per year).
High Growth Earnings: CRC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CRC's revenue (9% per year) is forecast to grow faster than the US market (8.9% per year).
High Growth Revenue: CRC's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CRC's Return on Equity is forecast to be low in 3 years time (8.8%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 07:59 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
California Resources Corporation is covered by 30 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Betty Jiang | Barclays |
| Kaleinoheaokeala Akamine | BofA Global Research |
| William Frohnhoefer | BTIG |