SilverBow Resources Inc reports results for the quarter ended in December - Earnings Summary

SilverBow Resources

29/02/2024 01:30

* SilverBow Resources Inc  SBOW.N  reported quarterly
adjusted
earnings of 87 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $3.95.  The mean expectation of
seven analysts for the quarter was for earnings of $2.19 per
share. Wall Street expected results to range from $1.77 
to $2.48 per share.
    * Revenue rose 6.6% to $212.04 million from a year ago;
analysts
expected $229.59 million. 
    * SilverBow Resources Inc's reported EPS for the quarter was
$7.12​.
    * The company reported quarterly net income of $183.06
million.
    * SilverBow Resources Inc shares had fallen by 1.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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

Wall Street's median 12-month price target for SilverBow
Resources Inc is $47.00 
This summary was machine generated from LSEG data February 29 at
01:29 a.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
 Dec. 31 2023      2.19           0.87           Missed
 Sep. 30 2023      2.27           2.94           Beat
 Jun. 30 2023      1.60           1.54           Missed
 Mar. 31 2023      2.36           0.99           Missed