Gulfport Energy Corp reports results for the quarter ended in June - Earnings Summary

Gulfport Energy

06/08/2024 23:01

* Gulfport Energy Corp  GPOR.N  reported quarterly adjusted
earnings of $2.97​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $2.65.  The mean expectation of nine analysts
for the quarter was for earnings of $3.03 per share. Wall Street
expected results to range from $2.26  to $3.51 per share.
    * Revenue fell 40.6% to $181.12 million from a year ago;
analysts
expected $259.75 million. 
    * Gulfport Energy Corp's reported EPS for the quarter was a
loss
of $1.51​.
    * The company reported a quarterly loss of $27.31 million.
    * Gulfport Energy Corp shares had fallen by 11.1% this
quarter and
gained 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.7%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Gulfport Energy
Corp is $185.00 
This summary was machine generated from LSEG data August 6 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      3.03           2.97           Missed
 Mar. 31 2024      4.39           3.76           Missed
 Dec. 31 2023      3.90           5.01           Beat
 Sep. 30 2023      2.41           3.42           Beat