Matador Resources Co expected to post earnings of $1.50 a share - Earnings Preview

Matador Resources

19/04/2024 23:24

* Matador Resources Co  MTDR.N   MTDR.K  is expected to show
a
rise in quarterly revenue when it reports  results on April 23
for the period ending March 31 2024
    * The Dallas Texas-based  company is expected to report a
32.3% increase in revenue to $741.223 million from $560.28
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Matador Resources Co is
for
earnings of $1.50 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 8.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Matador
Resources
Co is $76.00​, above​ its last closing price of $64.61. ​​​

The company's guidance on February 20 2024 for the period ended
March 31 was for Capital Expenditures between USD350 million and
USD420 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  1.76        1.78       1.99      Beat    11.9
 Sep. 30 2023  1.63        1.65       1.86      Beat    13
 Jun. 30 2023  1.31        1.31       1.42      Beat    8.6​
 Mar. 31 2023  1.25        1.33       1.50      Beat    12.7
 ​​Dec.        1.94        1.95       2.08      Beat    6.9
 31 2022                                                
 Sep. 30 2022  2.52        2.49       2.68      Beat    7.6​
 Jun. 30 2022  3.18        3.13       3.47      Beat    11
 Mar. 31 2022  1.98        1.97       2.32      Beat    17.5
 This summary was machine generated April 19 at 22:24 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)