Callon Petroleum Co expected to post earnings of $1.61 a share - Earnings Preview

Callon Petroleum Co

16/02/2024 11:06

* Callon Petroleum Co  CPE.N   CPE  is expected to show a
fall in
quarterly revenue when it reports  results on February 20
(estimated) for the period ending December 31 2023
    * The Houston Texas-based  company is expected to report a
22.4% decrease in revenue to $546.257 million from $704.25
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. ("""Majority is on Total Revenue
Basis, Quarters may not add up to annuals due to difference in
broker actual"".")
    * ​LSEG's mean analyst estimate for Callon Petroleum Co is
for
earnings of $1.61 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Callon
Petroleum
Co is $42.50​, above​ its last closing price of $32.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.83        1.82       1.82      Met     -0.3
 Jun. 30 2023  1.74        1.76       1.99      Beat    13.4
 Mar. 31 2023  2.06        2.09       1.94      Missed  -7.3​
 Dec. 31 2022  3.41        3.40       3.36      Missed  -1.1
 ​​Sep.        4.01        4.10       4.04      Missed  -1.4
 30 2022                                                
 Jun. 30 2022  4.27        4.29       3.68      Missed  -14.2​
 Mar. 31 2022  3.36        3.41       3.43      Beat    0.5
 Dec. 31 2021  2.72        2.74       2.66      Missed  -3.1
 This summary was machine generated February 16 at 11:05 GMT. 
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)