Civitas Resources Inc expected to post earnings of $2.73 a share - Earnings Preview

Civitas Resources

24/02/2024 24:10

* Civitas Resources Inc  CIVI.N   CIVI.K  is expected
to show a
rise in quarterly revenue when it reports  results on February
27 for the period ending December 31 2023
    * The Denver Colorado-based  company is expected to report a
44.7% increase in revenue to $1.178 billion from $814.27 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Civitas Resources Inc is
for
earnings of $2.73 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"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 Civitas
Resources
Inc is $86.00​, above​ its last closing price of $62.95. ​​​

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  2.70        2.70       3.66      Beat    35.4
 Jun. 30 2023  1.69        1.69       1.60      Missed  -5.4
 Mar. 31 2023  2.02        2.02       2.92      Beat    44.8​
 Dec. 31 2022  2.66        2.63       2.49      Missed  -5.5
 ​​Sep.        3.53        3.52       3.56      Beat    1
 30 2022                                                
 Jun. 30 2022  3.87        3.90       4.63      Beat    18.7​
 Mar. 31 2022  2.56        2.47       2.51      Beat    1.6
 Dec. 31 2021  1.72        1.69       0.00      Missed  -100
 This summary was machine generated February 24 at 00:10 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)