Comstock Resources Inc expected to post a loss of 16 cents a share - Earnings Preview

Comstock Resources

27/07/2024 01:20

* Comstock Resources Inc  CRK.N   CRK  is expected to show a
rise
in quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The Frisco Texas-based  company is expected to report a
2.9% increase in revenue to $296.692 million from $288.21
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 Comstock Resources Inc
is for
a loss of 16 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 11
"hold" and 2 "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 Comstock
Resources Inc is $10.00​, below​ its last closing price
of $10.40. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Capital Expenditures between USD200 million and
USD250 million.
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  -0.07       -0.07      -0.03     Beat    57.7
 Dec. 31 2024  0.11        0.13       0.10      Missed  -20.5
 Sep. 30 2023  0.05        0.05       0.04      Missed  -15.3​
 Jun. 30 2023  0.06        0.05       0.00      Missed  -100
 ​​Mar.        0.36        0.35       0.33      Missed  -4.4
 31 2023                                                
 Dec. 31 2022  0.81        0.84       1.05      Beat    25.2​
 Sep. 30 2022  1.18        1.17       1.18      Beat    0.8
 Jun. 30 2022  0.97                   1.00              5.4
 This summary was machine generated July 27 at 00:20 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)