Comstock Resources Inc reports results for the quarter ended in June - Earnings Summary

Comstock Resources

31/07/2024 24:23

* Comstock Resources Inc  CRK.N  reported a quarterly
adjusted
loss of 20 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of
thirteen analysts for the quarter was for a loss of 16 cents per
share. Wall Street expected results to range from -21 cents
to -12 cents per share.
    * Revenue fell 14.4% to $246.83 million from a year ago;
analysts
expected $296.69 million. 
    * Comstock Resources Inc's reported EPS for the quarter was
a loss
of 43 cents​.
    * The company reported a quarterly loss of $126.31 million.
    * Comstock Resources Inc shares had fallen by 2.6% this
quarter and gained 14.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.7%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil & gas
exploration and production peer group is also "hold"

Wall Street's median 12-month price target for Comstock
Resources Inc is $10.00 
This summary was machine generated from LSEG data July 30 at
11:23 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
 Jun. 30 2024      -0.16          -0.20          Missed
 Mar. 31 2024      -0.07          0.10           Beat
 Dec. 31 2023      0.13           0.10           Missed
 Sep. 30 2023      0.05           0.04           Missed