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

HighPeak Energy

10/05/2023 22:03

* Highpeak Energy Inc  HPK.OQ  reported quarterly adjusted
earnings of 39 cents​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 66 cents per share.
    * Revenue rose 142.7% to $223.79 million from a year ago;
analysts
expected $255.65 million. 
    * Highpeak Energy Inc's reported EPS for the quarter was 39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 22%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Highpeak Energy Inc shares had fallen by 26.9% this
quarter and
lost 26.5% so far this year.
    * The company reported quarterly net income of $50.26
million.
    * Wall Street's median 12-month price target for Highpeak
Energy
Inc is $40.00 
    * 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 May
10 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.76           0.64           Missed