PDC Energy Inc expected to post earnings of $2.92 a share - Earnings Preview

PDC Energy

28/07/2023 13:28

* PDC Energy Inc  PDCE.OQ   PDCE.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 1
(estimated). 
    * The Denver Colorado-based  company is expected to report 
a
34.9% decrease in revenue to $807.281 million from $1.24 billion
a year ago, according to the mean estimate from 10 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for PDC Energy Inc is
for
earnings of $2.92 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 PDC Energy
Inc is
$75​, above​ its last closing price of $74.01. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for Capital Expenditures between USD325 million and
USD400 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  
 Mar. 31 2023  2.95        2.84       2.61      Missed  -8
 Dec. 31 2023  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.        3.18        3.11       3.66      Beat    17.7
 31 2022                                                
 Dec. 31 2021  2.62        2.55       2.86      Beat    12​
 Sep. 30 2021  1.85        1.68       2.33      Beat    39
 Jun. 30 2021  1.31        1.25       1.66      Beat    33.3
 This summary was machine generated July 28 at 12:28 GMT.  All
figures in US dollars  unless otherwise stated