Magnolia Oil & Gas Corp expected to post earnings of 53 cents a share - Earnings Preview

Magnolia Oil & Gas

12/02/2024 22:39

* Magnolia Oil & Gas Corp  MGY.N   MGY  is expected to show
a fall
in quarterly revenue when it reports  results on February 14 for
the period ending December 31 2023
    * The Houston Texas-based  company is expected to report a
6.7% decrease in revenue to $325.802 million from $349.04
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data. (Revenue is on Total Revenue
Basis)
    * ​LSEG's mean analyst estimate for Magnolia Oil & Gas Corp
is for
earnings of 53 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 6
"hold" and 1 "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 $24.00​, above​ its last closing price of $20.71.
​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for Capital Expenditures of USD100 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  
 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. 31 2022  0.78        0.77       1.20      Beat    55.1
 ​​Sep.        1.13        1.13       1.29      Beat    14
 30 2022                                                
 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
 This summary was machine generated February 12 at 22:39 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)