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

Comstock Resources

02/05/2023 23:52

* Comstock Resources Inc  CRK.N  reported quarterly adjusted
earnings of 33 cents​​ per share for the quarter ended in March.
The mean expectation of twelve analysts for the quarter was
for earnings of 35 cents per share.
    * Revenue fell 6.7% to $489.58 million from a year ago;
analysts
expected $448.43 million. 
    * Comstock Resources Inc's reported EPS for the quarter was
49
cents​.
    * The mean earnings estimate of analysts had fallen by
about 66.4%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates 
    * Comstock Resources Inc shares had risen by 4.8% this
quarter and
lost 17.5% so far this year.
    * The company reported quarterly net income of $134.5
million.
    * Wall Street's median 12-month price target for Comstock
Resources Inc is $13.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
2 at 10:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.35           0.33           Missed
 Dec. 31 2022      0.84           1.05           Beat
 Sep. 30 2022      1.17           1.18           Beat
 Jun. 30 2022      0.95           1.00           Beat