SilverBow Resources Inc expected to post earnings of $2.19 a share - Earnings Preview

SilverBow Resources

26/02/2024 23:57

* SilverBow Resources Inc  SBOW.N   SBOW.K  is expected
to show a
rise in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The Houston Texas-based  company is expected to report a
15.4% increase in revenue to $229.589 million from $198.98
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Revenue is on Total Revenue)
    * ​LSEG's mean analyst estimate for SilverBow Resources Inc
is for
earnings of $2.19 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "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 SilverBow
Resources Inc is $47.00​, above​ its last closing price
of $27.64. ​​​

The company's guidance on November 30 2023 for the period ended
December 31 was for Capital Expenditures between USD75 million
and USD95 million.
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  2.27        2.27       2.94      Beat    29.3
 Jun. 30 2023  1.61        1.60       1.54      Missed  -3.7
 Mar. 31 2023  2.39        2.36       0.99      Missed  -58​
 Dec. 31 2022  2.80        2.80       3.95      Beat    41.2
 ​​Sep.        3.21        3.11       2.52      Missed  -19
 30 2022                                                
 Jun. 30 2022  2.31        2.26       2.50      Beat    10.4​
 Mar. 31 2022  2.48        2.46       2.86      Beat    16.4
 Dec. 31 2021  3.32        3.27       4.56      Beat    39.3
 This summary was machine generated February 26 at 23:56 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)