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

Gulfport Energy

30/04/2024 23:02

* Gulfport Energy Corp  GPOR.N  reported quarterly adjusted
earnings of $3.76​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $7.14.  The mean expectation of eight analysts for the
quarter was for earnings of $4.39 per share. Wall Street
expected results to range from $3.02  to $7.30 per share.
    * Revenue fell 19.8% to $283.23 million from a year ago;
analysts
expected $280.50 million. 
    * Gulfport Energy Corp's reported EPS for the quarter was
$2.34​.
    * The company reported quarterly net income of $43.4
million.
    * Gulfport Energy Corp shares had risen by 2.9% this
quarter and
gained 23.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * 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 $191.00 
This summary was machine generated from LSEG data April 30 at
10:02 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
 Mar. 31 2024      4.39           3.76           Missed
 Dec. 31 2023      3.90           5.01           Beat
 Sep. 30 2023      2.41           3.42           Beat
 Jun. 30 2023      1.79           2.65           Beat