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

Big Sky Industrial

08/08/2024 05:32

* US Energy Corp  USEG.OQ  reported a quarterly adjusted
loss of 8
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -10
cents.  The lone analyst forecast for the quarter was for a loss
of 9 cents per share. 
    * Revenue fell 24.2% to $6.05 million from a year ago;
analysts
expected $6.63 million. 
    * US Energy Corp's reported EPS for the quarter was a loss
of 8
cents​.
    * The company reported a quarterly loss of $1.97 million.
    * US Energy Corp shares had fallen by 4.9% this quarter and
lost 3.0% so far this year.

FORECAST CHANGES
    * 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
$1.75 
This summary was machine generated from LSEG data August 8 at
04:32 a.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
 Jun. 30 2024      -0.09          -0.08          Beat
 Dec. 31 2023      -0.03          -0.78          Missed
 Sep. 30 2023      -0.05          -0.35          Missed