PHX Minerals Inc reports results for the quarter ended in September 30 - Earnings Summary

PHX Minerals

07/11/2024 17:24

* PHX Minerals Inc  PHX.N  reported quarterly adjusted
earnings of
3 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of three analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from 2 cents to 4 cents per share.
    * Revenue fell 0.5% to $9.14 million from a year ago;
analysts
expected $9.27 million. 
    * PHX Minerals Inc's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $1.1 million.
    * PHX Minerals Inc shares had risen by 3.6% this quarter and
gained 8.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
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 November 7 at
05:24 p.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
 Sep. 30 2024      0.03           0.03           Met
 Jun. 30 2024      0.01           0.04           Beat
 Mar. 31 2024      0.03           -0.01          Missed
 Dec. 31 2023      0.03           0.07           Beat