Range Resources Corp expected to post earnings of 42 cents a share - Earnings Preview

Range Resources

19/07/2024 21:51

* Range Resources Corp  RRC.N   RRC  is expected to show a
rise in
quarterly revenue when it reports  results on July 23 for the
period ending June 30 2024
    * The Fort Worth Texas-based  company is expected to report
a
28.6% increase in revenue to $602.417 million from $468.38
million a year ago, according to the mean estimate from 16
analysts, based on LSEG data. (Majority is on Oil,NGL,Natural
GAS,Cash Derivative" basis, Quarters may not add up to annuals
due to difference in broker actual)
    * ​LSEG's mean analyst estimate for Range Resources Corp is
for
earnings of 42 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 14
"hold" and 4 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Range
Resources
Corp is $38.50​, above​ its last closing price of $32.82. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.58        0.57       0.69      Beat    20.2
 Dec. 31 2024  0.53        0.48       0.63      Beat    31.4
 Sep. 30 2023  0.34        0.35       0.46      Beat    32.4​
 Jun. 30 2023  0.22        0.25       0.30      Beat    21.5
 ​​Mar.        0.81        0.82       0.99      Beat    21.3
 31 2023                                                
 Dec. 31 2022  1.22        1.20       1.30      Beat    8.6​
 Sep. 30 2022  1.46        1.41       1.37      Missed  -2.5
 Jun. 30 2022  1.30        1.26       1.27      Beat    0.9
 This summary was machine generated July 19 at 20:51 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)