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

SilverBow Resources

02/11/2023 07:46

* SilverBow Resources Inc  SBOW.N  reported quarterly
adjusted
earnings of $2.94​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $2.52.  The mean expectation of
four analysts for the quarter was for earnings of $2.27 per
share. Wall Street expected results to range from $2.22 
to $2.33 per share.
    * Revenue fell 28.2% to $173.96 million from a year ago;
analysts
expected $171.48 million. 
    * SilverBow Resources Inc's reported EPS for the quarter was
a
loss of 21 cents​.
    * The company reported a quarterly loss of $4.77 million.
    * SilverBow Resources Inc shares had fallen by 6.4% this
quarter and gained 18.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.6%
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 4 "strong buy" or "buy," no
"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 $57.00 
This summary was machine generated from LSEG data November 2 at
07:46 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      2.80           3.95           Beat