Murphy Oil Corp expected to post earnings of 74 cents a share - Earnings Preview

Murphy Oil

06/08/2024 18:21

* Murphy Oil Corp  MUR.N   MUR  is expected to show a fall
in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Houston Texas-based  company is expected to report a
0.1% decrease in revenue to $813.462 million from $814.59
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 74 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 10
"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 $53.00​, above​ its last closing price of $36.64. ​​​

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  0.82        0.82       0.85      Beat    3.5
 Dec. 31 2024  0.93        0.99       0.90      Missed  -8.9
 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.        0.98        0.98       1.24      Beat    26.9
 31 2023                                                
 Dec. 31 2022  1.14        1.14       1.10      Missed  -3.5​
 Sep. 30 2022  1.64        1.60       1.84      Beat    15.1
 Jun. 30 2022  1.54        1.56       1.93      Beat    23.7
 This summary was machine generated August 6 at 17:21 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)