Callon Petroleum Co reports results for the quarter ended in June - Earnings Summary

Callon Petroleum Co

03/08/2023 04:16

* Callon Petroleum Co  CPE.N  reported quarterly adjusted
earnings
of $1.99​​ per share for the quarter ended in June. The mean
expectation of fourteen analysts for the quarter was
for earnings of $1.76 per share.
    * Revenue fell 38.5% to $562.28 million from a year ago;
analysts
expected $540.35 million. 
    * Callon Petroleum Co's reported EPS for the quarter was a
loss of
$1.74​.
    * The mean earnings estimate of analysts had fallen by
about 19%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates 
    * Callon Petroleum Co shares had risen by 4.8% this
quarter and
lost 0.9% so far this year.
    * The company reported quarterly net income of $107.9
million.
    * Wall Street's median 12-month price target for Callon
Petroleum
Co is $48.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 03:16 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.76           1.99           Beat
 Mar. 31 2023      2.09           1.94           Missed
 Dec. 31 2022      3.40           3.36           Missed
 Sep. 30 2022      4.10           4.04           Missed