Callon Petroleum Co expected to post earnings of $1.82 a share - Earnings Preview

Callon Petroleum Co

31/10/2023 02:00

* Callon Petroleum Co  CPE.N   CPE  is expected to show a
fall in
quarterly revenue when it reports  results on November 1. 
    * The Houston Texas-based  company is expected to report  a
32.1% decrease in revenue to $567.544 million from $835.88
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Callon Petroleum Co
is
for earnings of $1.82 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $50​, above​ its last closing price of $37.27. ​​​

The company's guidance on August 2 2023 for the period ended
September 30 was for Capital Expenditures between USD250 million
and USD275 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  4.01        4.10       4.04      Missed  -1.4
 ​​Jun.        4.27        4.29       3.68      Missed  -14.2
 30 2022                                                
 Mar. 31 2022  3.36        3.41       3.43      Beat    0.5​
 Dec. 31 2021  2.72        2.74       2.66      Missed  -3.1
 Sep. 30 2021  2.50        2.52       2.93      Beat    16.3
 This summary was machine generated October 31 at 02:00 GMT.  All
figures in US dollars  unless otherwise stated