Comstock Resources Inc expected to post earnings of 35  cents a share - Earnings Preview

Comstock Resources

29/04/2023 03:19

* Comstock Resources Inc  CRK.N   CRK  is expected to show a
fall
in quarterly revenue when it reports  results on May 2. 
    * The Frisco Texas-based  company is expected to report  a
14.6% decrease in revenue to $448.432 million from $524.84
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Comstock Resources
Inc is
for earnings of 35 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 4.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Comstock
Resources Inc is $13​, above​ its last closing price of $11.50.
​​​

The company's guidance on February 15 2023 for the period ended
March 31 was for Capital Expenditures between USD275 million and
USD325 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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        0.95       1.00      Beat    5.4​
 Mar. 31 2022  0.52        0.49       0.51      Beat    3.3
 ​​Dec.        0.43        0.47       0.37      Missed  -21
 31 2021                                                
 Sep. 30 2021  0.34        0.35       0.34      Missed  -1.8​
 Jun. 30 2021  0.18        0.17       0.22      Beat    32.5
 Mar. 31 2021  0.14        0.13       0.25      Beat    90.2
 This summary was machine generated April 29 at 02:19 GMT.  All
figures in US dollars  unless otherwise stated