Magnolia Oil & Gas Corp expected to post earnings of $1.14 a share - Earnings Preview

Magnolia Oil & Gas

29/10/2022 01:11

* Magnolia Oil & Gas Corp  MGY.N   MGY  is expected to show
a rise
in quarterly revenue when it reports  results on November 1. 
    * The Houston Texas-based  company is expected to report  a
55.3% increase in revenue to $440.294 million from $283.58
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Magnolia Oil & Gas
Corp
is for earnings of $1.14 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Magnolia
Oil &
Gas Corp is $30​, above​ its last closing price of $24.91. ​​​

The company's guidance on August 2 2022 for the period ended
September 30 was for Capital Expenditures between USD105 million
and USD115 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  1.18        1.18       1.32      Beat    12
 Mar. 31 2022  0.93        0.88       0.90      Beat    1.9
 Dec. 31 2021  0.82        0.80       0.82      Beat    2.9​
 Sep. 30 2021  0.61        0.61       0.67      Beat    10.1
 ​​Jun.        0.43        0.41       0.56      Beat    37.6
 30 2021                                                
 Mar. 31 2021  0.28        0.26       0.38      Beat    44.3​
 Dec. 31 2020  0.10        0.10       0.15      Beat    46.2
 Sep. 30 2020  0.08        0.07       0.06      Missed  -12
 This summary was machine generated October 29 at 00:11 GMT.  All
figures in US dollars  unless otherwise stated