PHX Minerals Inc reports results for the quarter ended in June - Earnings Summary

PHX Minerals

08/08/2024 05:07

* PHX Minerals Inc  PHX.N  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of three analysts for
the quarter was for earnings of one cent per share. Wall Street
expected results to range from 1 cents to 2 cents per share.
    * Revenue rose 26.8% to $9.54 million from a year ago;
analysts
expected $8.12 million. 
    * PHX Minerals Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $1.3 million.
    * PHX Minerals Inc shares had fallen by 4.6% this
quarter and
lost 3.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for PHX Minerals Inc
is $4.50 
This summary was machine generated from LSEG data August 8 at
04:07 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.01           0.04           Beat
 Mar. 31 2024      0.03           -0.01          Missed
 Dec. 31 2023      0.03           0.07           Beat
 Sep. 30 2023      0.04           0.05           Beat