Range Resources Corp reports results for the quarter ended in June - Earnings Summary

Range Resources

23/07/2024 23:45

* Range Resources Corp  RRC.N  reported quarterly adjusted
earnings of 46 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 30 cents.  The mean expectation of twenty
three analysts for the quarter was for earnings of 41 cents per
share. Wall Street expected results to range from 31 cents to 57
cents per share.
    * Revenue rose 2.1% to $478.45 million from a year ago;
analysts
expected $594.28 million. 
    * Range Resources Corp's reported EPS for the quarter was 12
cents​.
    * The company reported quarterly net income of $28.7
million.
    * Range Resources Corp shares had risen by 0.3% this
quarter and
gained 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, fourteen analysts negatively revised
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil & gas
exploration and production peer group is also "hold"

Wall Street's median 12-month price target for Range Resources
Corp is $38.50 
This summary was machine generated from LSEG data July 23 at
10:45 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
 Jun. 30 2024      0.41           0.46           Beat
 Mar. 31 2024      0.57           0.69           Beat
 Dec. 31 2023      0.48           0.63           Beat
 Sep. 30 2023      0.35           0.46           Beat