Matador Resources Co expected to post earnings of $1.76 a share - Earnings Preview

Matador Resources

20/07/2024 24:23

* Matador Resources Co  MTDR.N   MTDR.K  is expected to show
a
rise in quarterly revenue when it reports  results on July 23
for the period ending June 30 2024
    * The Dallas Texas-based  company is expected to report a
27.2% increase in revenue to $826.407 million from $649.89
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data. (Majority is on Total Revenue
Basis, Quarters may not add up to annuals due to difference in
broker actual".)
    * ​LSEG's mean analyst estimate for Matador Resources Co is
for
earnings of $1.76 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Matador
Resources
Co is $79.50​, above​ its last closing price of $64.06. ​​​

The company's guidance on April 23 2024 for the period ended
June 30 was for Capital Expenditures between USD330 million and
USD350 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  
 Mar. 31 2024  1.52        1.51       1.71      Beat    13.3
 Dec. 31 2024  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.        1.25        1.33       1.50      Beat    12.7
 31 2023                                                
 Jan. 1 0001   1.94        1.95       2.08      Beat    6.9​
 Sep. 30 2022  2.52        2.49       2.68      Beat    7.6
 Jun. 30 2022  3.18        3.13       3.47      Beat    11
 This summary was machine generated July 19 at 23:23 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)