US Energy Corp reports results for the quarter ended in December - Earnings Summary

Big Sky Industrial

26/03/2024 21:49

* US Energy Corp  USEG.OQ  reported a quarterly adjusted
loss
of 78 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -20 cents.  The lone analyst forecast for the quarter was
for a loss of 3 cents per share. 
    * Revenue fell 77.6% to $7.32 million from a year ago;
analysts
expected $8.87 million. 
    * US Energy Corp's reported EPS for the quarter was a loss
of 78
cents​.
    * The company reported a quarterly loss of $19.81 million.
    * US Energy Corp shares had risen by 12.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for US Energy Corp is
$2.00 
This summary was machine generated from LSEG data March 26 at
09:49 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.03          -0.78          Missed
 Sep. 30 2023      -0.05          -0.35          Missed
 Jun. 30 2023      -0.09          -0.10          Missed