Civitas Resources Inc reports results for the quarter ended December 31 - Earnings Summary

Civitas Resources

24/02/2025 23:39

* Civitas Resources Inc  CIVI.N  reported quarterly adjusted
earnings of $1.78​​ per share for the quarter ended December 31,
lower than the same quarter last year, when the company reported
EPS of $2.20.  The mean expectation of sixteen analysts for the
quarter was for earnings of $1.98 per share. Wall Street
expected results to range from $1.75  to $2.37 per share.
    * Revenue rose 14.7% to $1.29 billion from a year ago;
analysts
expected $1.30 billion. 
    * Civitas Resources Inc's reported EPS for the quarter was
$1.57​.
    * The company reported quarterly net income of $151.11
million.
    * Civitas Resources Inc shares had risen by 7.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Civitas Resources
Inc is $70.00 
This summary was machine generated from LSEG data February 24 at
11:39 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.98           1.78           Missed
 Sep. 30 2024      1.99           1.99           Met
 Jun. 30 2024      2.81           2.06           Missed
 Mar. 31 2024      2.51           2.74           Beat