Magnolia Oil & Gas Corp expected to post earnings of 56  cents a share - Earnings Preview

Magnolia Oil & Gas

02/05/2023 03:06

* Magnolia Oil & Gas Corp  MGY.N   MGY  is expected to show
a fall
in quarterly revenue when it reports  results on May 3. 
    * The Houston Texas-based  company is expected to report  a
13.5% decrease in revenue to $326.898 million from $377.84
million a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Magnolia Oil & Gas
Corp
is for earnings of 56 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Magnolia
Oil &
Gas Corp is $27.75​, above​ its last closing price of $20.97.
​​​

The company's guidance on February 15 2023 for the period ended
March 31 was for Capital Expenditures between USD140 million and
USD150 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  
 Dec. 31 2022  0.78        0.77       1.20      Beat    55.1
 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
 ​​Dec.        0.82        0.80       0.82      Beat    2.9
 31 2021                                                
 Sep. 30 2021  0.61        0.61       0.67      Beat    10.1​
 Jun. 30 2021  0.43        0.41       0.56      Beat    37.6
 Mar. 31 2021  0.28        0.26       0.38      Beat    44.3
 This summary was machine generated May 2 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated