Magnolia Oil & Gas Corp expected to post earnings of 54  cents a share - Earnings Preview

Magnolia Oil & Gas

31/10/2023 17:59

* Magnolia Oil & Gas Corp  MGY.N   MGY  is expected to show
a fall
in quarterly revenue when it reports  results on November 2. 
    * The Houston Texas-based  company is expected to report  a
34.3% decrease in revenue to $317.395 million from $482.96
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 54 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 6
"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 $26​, above​ its last closing price of $22.00. ​​​

The company's guidance on August 2 2023 for the period ended
September 30 was for Capital Expenditures of USD100 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 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. 30 2022  1.13        1.13       1.29      Beat    14
 ​​Jun.        1.18        1.18       1.32      Beat    12
 30 2022                                                
 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
 This summary was machine generated October 31 at 17:59 GMT.  All
figures in US dollars  unless otherwise stated