How did EXE's Q4 2024 earnings surprise impact investor confidence?

**Expand Energy's (EXE) Q4 2024 earnings surprise had a positive impact on investor confidence**, as evidenced by several key indicators:

1. **Earnings Beat Expectations**: EXE reported an EPS surprise of $0.12 for Q4 2024, which exceeded market expectations. This beat on expectations is a clear positive signal, indicating the company's performance in the quarter was stronger than anticipated.

2. **Stock Price Reaction**: Following the earnings release, EXE's stock price showed a positive change of 3.79%, reflecting investor optimism about the company's performance. This is a direct response to the earnings surprise and suggests that investors may be more inclined to hold or even increase their positions in the stock.
3. **Analyst Revisions and Ratings**: Analysts have revised their consensus EPS estimate for the quarter upward, indicating a more favorable view of the company's prospects. Additionally, the fact that EXE has surpassed consensus EPS estimates in two out of the past four quarters suggests a track record of performance that can bolster investor confidence.
4. **Market Outperformance**: Despite underperforming the S&P 500 Index and the Utilities Select Sector SPDR Fund in 2024, EXE's stock rose by 10.8% since the beginning of the year, outperforming the broader market. This relative outperformance can contribute to increased confidence among investors.

In conclusion, the Q4 2024 earnings surprise has likely contributed to a more positive outlook for EXE among investors, potentially leading to increased confidence in the company's future performance.