Magnolia Oil & Gas Corp expected to post earnings of 46 cents a share - Earnings Preview

Magnolia Oil & Gas

04/05/2024 03:12

* Magnolia Oil & Gas Corp  MGY.N   MGY  is expected to show
a fall
in quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Houston Texas-based  company is expected to report a
0.3% decrease in revenue to $307.447 million from $308.38
million a year ago, according to the mean estimate from 14
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Magnolia Oil & Gas Corp
is for
earnings of 46 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Magnolia
Oil &
Gas Corp is $27.50​, above​ its last closing price of $25.11.
​​​

The company's guidance on February 14 2024 for the period ended
March 31 was for Capital Expenditures of USD130 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.53        0.53       0.52      Missed  -1.7
 Sep. 30 2023  0.55        0.53       0.54      Beat    1
 Jun. 30 2023  0.42        0.42       0.51      Beat    20.9​
 Mar. 31 2023  0.55        0.54       0.56      Beat    3.1
 ​​Dec.        0.78        0.77       1.20      Beat    55.1
 31 2022                                                
 Sep. 30 2022  1.13        1.13       1.29      Beat    14​
 Jun. 30 2022  1.18        1.18       1.32      Beat    12
 Mar. 31 2022  0.93        0.88       0.90      Beat    1.9
 This summary was machine generated May 4 at 02:12 GMT.  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)