Permian Resources Corp expected to post earnings of 38 cents a share - Earnings Preview

Permian Resources

03/08/2024 01:01

* Permian Resources Corp  PR.N   PR  is expected to show a
rise in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Midland Texas-based  company is expected to report a
98.2% increase in revenue to $1.235 billion from $623.4 million
a year ago, according to the mean estimate from 14 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 Permian Resources Corp
is for
earnings of 38 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 2
"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 Permian
Resources
Corp is $21.00​, above​ its last closing price of $13.82. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              0.37       0.25      Missed  -32.3
 Dec. 31 2023              0.33       0.51      Beat    56.8
 Jan. 1 0001   0.38        0.38       0.13      Missed  -66.1​
 Jun. 30 2023  0.32        0.32       0.21      Missed  -34.5
 ​​Mar.        0.39        0.39       0.34      Missed  -13.1
 31 2023                                                
 Dec. 31 2022  0.44        0.45       0.26      Missed  -42.3​
 Jan. 1 0001   0.45        0.45       0.70      Beat    56
 Jan. 1 0001   0.44        0.45       0.60      Beat    34.3
 This summary was machine generated August 3 at 00:01 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)