Granite Ridge Resources Inc expected to post earnings of 14 cents a share - Earnings Preview

Granite Ridge Resources

06/11/2024 03:42

* Granite Ridge Resources Inc  GRNT.N   GRNT.K  is expected
to show a fall in quarterly revenue when it reports  results on
November 7 for the period ending September 30 2024
    * The Dallas Texas-based  company is expected to report a
11.4% decrease in revenue to $96.08 million from $108.4 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 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 7.00​, above​ its last closing price of $6.07.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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              1.7​
 Sep. 30 2023  0.24        0.24       0.21      Missed  -13.4
 ​​Jun.        0.18        0.18       0.19      Beat    8.6
 30 2023                                                
 Mar. 31 2023  0.28        0.28       0.21      Missed  -25​
 Dec. 31 2022              0.47       0.42      Missed  -10.6
 Sep. 30 2022  0.54        0.54       0.02      Missed  -96.3
 This summary was machine generated November 6 at 03:41 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)