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

Comstock Resources

02/05/2024 12:33

* Comstock Resources Inc  CRK.N  reported a quarterly
adjusted
loss of 3 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 33 cents.  The mean expectation of thirteen analysts for
the quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -10 cents tozero cents per share.
    * Revenue fell 31.4% to $335.77 million from a year ago;
analysts
expected $344.56 million. 
    * Comstock Resources Inc's reported EPS for the quarter was
a loss
of 5 cents​.
    * The company reported a quarterly loss of $14.47 million.
    * Comstock Resources Inc shares had risen by 5.3% this
quarter and
gained 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 140.7% in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"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 $9.50 
This summary was machine generated from LSEG data May 2 at 11:33
a.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
 Mar. 31 2024      -0.07          -0.03          Beat
 Dec. 31 2023      0.13           0.10           Missed
 Sep. 30 2023      0.05           0.04           Missed
 Jun. 30 2023      0.05           0.00           Missed