Granite Ridge Resources Inc expected to post earnings of 13 cents a share - Earnings Preview

Granite Ridge Resources

04/03/2025 21:16

Granite Ridge Resources Inc GRNT.N, GRNT.K is expected to show a fall in quarterly revenue when it reports  results on March 6 for the period ending December 31 2024

The Dallas Texas-based  company is expected to report a 6.4% decrease in revenue to $100.006 million from $106.8 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.

​LSEG's mean analyst estimate for Granite Ridge Resources Inc is for earnings of 13 cents per share.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "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 $7.50​, above​ its last closing price of $5.63. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Sep. 30 2024
0.14
0.14
0.14
Met
-3.2
Jun. 30 2024
0.14
0.14
0.13
Missed
-4
Mar. 31 2024
0.10
0.10
0.12
Beat
16.1​
Dec. 31 2023
0.19
0.20
0.20
Met
1.7
​​Sep. 30 2023
0.24
0.24
0.21
Missed
-13.4
Jun. 30 2023
0.18
0.18
0.19
Beat
8.6​
Mar. 31 2023
0.28
0.28
0.21
Missed
-25
Dec. 31 2022
0.47
0.42
Missed
-10.6

This summary was machine generated March 4 at 21:16 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)