Earthstone Energy Inc reports results for the quarter ended in June - Earnings Summary

Earthstone Energy

03/08/2023 02:46

* Earthstone Energy Inc  ESTE.N  reported quarterly adjusted
earnings of 53 cents​​ per share for the quarter ended in June.
The mean expectation of nine analysts for the quarter was
for earnings of 50 cents per share.
    * Revenue fell 21.7% to $370.01 million from a year ago;
analysts
expected $359.48 million. 
    * Earthstone Energy Inc's reported EPS for the quarter was
54
cents​.
    * The mean earnings estimate of analysts had fallen by
about 36%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates 
    * Earthstone Energy Inc shares had risen by 12.0% this
quarter and
gained 12.5% so far this year.
    * The company reported quarterly net income of $58.04
million.
    * Wall Street's median 12-month price target for Earthstone
Energy
Inc is $25.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 01:45 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.50           0.53           Beat
 Mar. 31 2023      0.74           0.77           Beat
 Dec. 31 2022      1.05           1.04           Missed
 Sep. 30 2022      1.47           1.30           Missed