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

Comstock Resources

30/10/2023 22:39

* Comstock Resources Inc  CRK.N  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in
September. The mean expectation of twelve analysts for the
quarter was for earnings of 5 cents per share.
    * Revenue fell 62.2% to $376.74 million from a year ago;
analysts
expected $340.75 million. 
    * Comstock Resources Inc's reported EPS for the quarter was
5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 70.8%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates 
    * Comstock Resources Inc shares had risen by 11.1% this
quarter and lost 10.6% so far this year.
    * The company reported quarterly net income of $14.72
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
October 30 at 10:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.05           0.04           Missed
 Jun. 30 2023      0.05           0.00           Missed
 Mar. 31 2023      0.35           0.33           Missed
 Dec. 31 2022      0.84           1.05           Beat