Murphy Oil Corp expected to post earnings of $1.00 a share - Earnings Preview

Murphy Oil

23/01/2024 14:11

* Murphy Oil Corp  MUR.N   MUR  is expected to show a fall
in
quarterly revenue when it reports  results on January 25 for the
period ending December 31 2023
    * The Houston Texas-based  company is expected to report a
13.2% decrease in revenue to $855.99 million from $986.12
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data. (Majority is on Total revenue
basis (Quarters may not add up to annual due to difference in
broker actual))
    * ​LSEG's mean analyst estimate for Murphy Oil Corp is for
earnings of $1.00 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 7
"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 Murphy Oil
Corp
is $46.00​, above​ its last closing price of $37.80. ​​​

The company's guidance on January 26 2023 for the period ended
December 31 was for Capital Expenditures of USD110 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  1.42        1.44       1.59      Beat    10.6
 Jun. 30 2023  0.77        0.78       0.79      Beat    1.2
 Mar. 31 2023  0.98        0.98       1.24      Beat    26.9​
 Dec. 31 2022  1.14        1.14       1.10      Missed  -3.5
 ​​Sep.        1.64        1.60       1.84      Beat    15.1
 30 2022                                                
 Jun. 30 2022  1.54        1.56       1.93      Beat    23.7​
 Mar. 31 2022  0.62        0.58       0.73      Beat    25.6
 Dec. 31 2021  0.45        0.47       0.40      Missed  -14.6
 This summary was machine generated January 23 at 14:11 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)