Range Resources Corp expected to post earnings of 48 cents a share - Earnings Preview

Range Resources

19/02/2024 22:55

* Range Resources Corp  RRC.N   RRC  is expected to show a
fall in
quarterly revenue when it reports  results on February 21 for
the period ending December 31 2023
    * The Fort Worth Texas-based  company is expected to report
a
32.9% decrease in revenue to $669.599 million from $997.57
million a year ago, according to the mean estimate from 17
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 48 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 12
"hold" and 3 "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 Range
Resources
Corp is $34.00​, above​ its last closing price of $30.75. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  0.81        0.82       0.99      Beat    21.3​
 Dec. 31 2022  1.22        1.20       1.30      Beat    8.6
 ​​Sep.        1.46        1.41       1.37      Missed  -2.5
 30 2022                                                
 Jun. 30 2022  1.30        1.26       1.27      Beat    0.9​
 Mar. 31 2022  1.19        1.14       1.18      Beat    3.9
 Dec. 31 2021  0.98        0.98       0.96      Missed  -1.7
 This summary was machine generated February 19 at 22:55 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)