Sitio Royalties Corp expected to post earnings of 16 cents a share - Earnings Preview

Sitio Royalties

27/02/2024 24:49

* Sitio Royalties Corp  STR.N   STR  is expected to show a
rise in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Denver Colorado-based  company is expected to report a
55.3% increase in revenue to $155.225 million from $99.95
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data. ("Majority is on ""Total Revenue
Basis""")
    * ​LSEG's mean analyst estimate for Sitio Royalties Corp is
for
earnings of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"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 Sitio
Royalties
Corp is $29.50​, above​ its last closing price of $21.78. ​​​

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  0.25        0.25       0.00      Missed  -100
 Jun. 30 2023  0.25        0.27       -0.01     Missed  -103.7
 Mar. 31 2023  0.22        0.22       0.28      Beat    25.8​
 Dec. 31 2022  0.46        0.43       0.10      Missed  -76.6
 ​​Sep.        0.64        0.77       0.70      Missed  -8.8
 30 2022                                                
 Jun. 30 2022  0.59        0.63       1.56      Beat    148.3​
 Mar. 31 2022  0.34        0.35       -0.12     Missed  -134.1
 Dec. 31 2021  0.32        0.28       0.40      Beat    43.4
 This summary was machine generated February 27 at 00:49 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)