Civitas Resources Inc expected to post earnings of $2.81 a share - Earnings Preview

Civitas Resources

31/07/2024 02:15

* Civitas Resources Inc  CIVI.N   CIVI.K  is expected
to show a
rise in quarterly revenue when it reports  results on August 1
for the period ending June 30 2024
    * The Denver Colorado-based  company is expected to report a
103.8% increase in revenue to $1.346 billion from $660.53
million a year ago, according to the mean estimate from 9
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 Civitas Resources Inc is
for
earnings of $2.81 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "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 $93.00​, above​ its last closing price of $68.99. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.48        2.51       2.74      Beat    9.1
 Dec. 31 2024  2.74        2.73       2.20      Missed  -19.4
 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.        2.02        2.02       2.92      Beat    44.8
 31 2023                                                
 Dec. 31 2022  2.66        2.63       2.49      Missed  -5.5​
 Sep. 30 2022  3.53        3.52       3.56      Beat    1
 Jun. 30 2022  3.87        3.90       4.63      Beat    18.7
 This summary was machine generated July 31 at 01:15 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)