Comstock Resources Inc reports results for the quarter ended in September 30 - Earnings Summary

Comstock Resources

31/10/2024 03:02

* Comstock Resources Inc  CRK.N  reported a quarterly
adjusted
loss of 17 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 4 cents.  The mean expectation of fourteen analysts for
the quarter was for a loss of 16 cents per share. Wall Street
expected results to range from -19 cents to -11 cents per share.
    * Revenue fell 19.2% to $304.47 million from a year ago;
analysts
expected $323.14 million. 
    * Comstock Resources Inc's reported EPS for the quarter was
a loss
of 9 cents​.
    * The company reported a quarterly loss of $28.89 million.
    * Comstock Resources Inc shares had risen by 7.4% this
quarter and
gained 35.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 452.7% in the last three months.​ 
    * In the last 30 days, twelve analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"hold" and 4 "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 $10.50 
This summary was machine generated from LSEG data October 31 at
03:02 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
 Sep. 30 2024      -0.16          -0.17          Missed
 Jun. 30 2024      -0.16          -0.20          Missed
 Mar. 31 2024      -0.07          -0.03          Beat
 Dec. 31 2023      0.13           0.10           Missed