Highpeak Energy Inc reports results for the quarter ended in June - Earnings Summary

HighPeak Energy

07/08/2023 23:02

* Highpeak Energy Inc  HPK.OQ  reported quarterly adjusted
earnings of 25 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 45 cents per share.
    * Revenue rose 19.5% to $240.76 million from a year ago;
analysts
expected $243.98 million. 
    * Highpeak Energy Inc's reported EPS for the quarter was 25
cents​.
    * The mean earnings estimate of analysts had fallen by
about 41.2%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Highpeak Energy Inc shares had risen by 32.9% this
quarter and
lost 36.8% so far this year.
    * The company reported quarterly net income of $31.83
million.
    * Wall Street's median 12-month price target for Highpeak
Energy
Inc is $25.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.45           0.25           Missed
 Mar. 31 2023      0.66           0.39           Missed
 Dec. 31 2022      0.87           0.53           Missed
 Sep. 30 2022      0.90           0.85           Missed