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

Range Resources

23/04/2024 23:20

* Range Resources Corp  RRC.N  reported quarterly adjusted
earnings of 69 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 99 cents.  The mean expectation of twenty four analysts
for the quarter was for earnings of 57 cents per share. Wall
Street expected results to range from 40 cents to 75 cents per
share.
    * Revenue fell 23% to $567.00 million from a year ago;
analysts
expected $659.31 million. 
    * Range Resources Corp's reported EPS for the quarter was 38
cents​.
    * The company reported quarterly net income of $92.14
million.
    * Range Resources Corp shares had risen by 4.9% this
quarter and
gained 18.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17%
in the last three months.​ 
    * In the last 30 days, thirteen analysts negatively revised
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 13
"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 $36.50 
This summary was machine generated from LSEG data April 23 at
10:20 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
 Mar. 31 2024      0.57           0.69           Beat
 Dec. 31 2023      0.48           0.63           Beat
 Sep. 30 2023      0.35           0.46           Beat
 Jun. 30 2023      0.25           0.30           Beat