Granite Ridge Resources Inc expected to post earnings of 10 cents a share - Earnings Preview

Granite Ridge Resources

08/05/2024 03:07

* Granite Ridge Resources Inc  GRNT.N   GRNT.K  is expected
to show a fall in quarterly revenue when it reports  results on
May 9 for the period ending March 31 2024
    * The Dallas Texas-based  company is expected to report a
2.8% decrease in revenue to $88.75 million from $91.31 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Granite Ridge Resources
Inc is
for earnings of 10 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Granite
Ridge
Resources Inc is $8.50​, above​ its last closing price of $6.53.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.19        0.20       0.20      Met     1.7
 Sep. 30 2023  0.24        0.24       0.21      Missed  -13.4
 Jan. 1 0001   0.18        0.18       0.19      Beat    8.6​
 Mar. 31 2023  0.28        0.28       0.21      Missed  -25
 ​​Dec.                    0.47       0.42      Missed  -10.6
 31 2022                                                
 Sep. 30 2022  0.54        0.54       0.02      Missed  -96.3​
 This summary was machine generated May 8 at 02:07 GMT.  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)