PDC Energy Inc expected to post earnings of $2.86 a share - Earnings Preview

PDC Energy

02/05/2023 03:06

* PDC Energy Inc  PDCE.OQ   PDCE.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 3. 
    * The Denver Colorado-based  company is expected to report 
a
12.6% decrease in revenue to $773.314 million from $884.5
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for PDC Energy Inc is
for
earnings of $2.86 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months. ​
    * Wall Street's median 12-month price target for PDC Energy
Inc is
$91.5​, above​ its last closing price of $64.73. ​​​

The company's guidance on February 22 2023 for the period ended
March 31 was for Capital Expenditures between USD400 million and
USD475 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  3.07        3.08       3.22      Beat    4.7
 Sep. 30 2022  4.54        4.21       3.77      Missed  -10.5
 Jun. 30 2022  4.49        4.64       5.11      Beat    10.1​
 Mar. 31 2022  3.18        3.11       3.66      Beat    17.7
 ​​Dec.        2.62        2.55       2.86      Beat    12
 31 2021                                                
 Sep. 30 2021  1.85        1.68       2.33      Beat    39​
 Jun. 30 2021  1.31        1.25       1.66      Beat    33.3
 Mar. 31 2021  0.96        0.89       1.41      Beat    58.3
 This summary was machine generated May 2 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated