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

Gulfport Energy

31/10/2023 21:02

* Gulfport Energy Corp  GPOR.N  reported quarterly adjusted
earnings of $3.42​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $3.69.The mean expectation of
six analysts for the quarter was for earnings of $2.41 per
share. Wall Street expected results to range from $2.04 
to $3.27 per share.
    * Revenue fell 11.1% to $266.67 million from a year ago;
analysts
expected $278.18 million. 
    * Gulfport Energy Corp's reported EPS for the quarter was
$27.37​.
    * The company reported quarterly net income of $517.56
million.
    * Gulfport Energy Corp shares had risen by 3.5% this
quarter and
gained 66.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, four 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," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Gulfport
Energy
Corp is $147.00 

This summary was machine generated from LSEG data October 31 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.41           3.42           Beat
 Jun. 30 2023      1.79           2.65           Beat
 Mar. 31 2023      4.89           7.14           Beat
 Dec. 31 2022      2.30           3.13           Beat