Sitio Royalties Corp reports results for the quarter ended in December - Earnings Summary

Sitio Royalties

29/02/2024 05:59

* Sitio Royalties Corp  STR.N  reported quarterly adjusted
earnings of $1.33​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 10 cents.  The mean expectation of six analysts
for the quarter was for earnings of 16 cents per share. Wall
Street expected results to range from 13 cents to 20 cents per
share.
    * Revenue rose 49.4% to $149.35 million from a year ago;
analysts
expected $155.23 million. 
    * Sitio Royalties Corp's reported EPS for the quarter was a
loss
of 46 cents​.
    * The company reported a quarterly loss of $37.68 million.
    * Sitio Royalties Corp shares had fallen by 6.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 47.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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

Wall Street's median 12-month price target for Sitio Royalties
Corp is $29.50 
This summary was machine generated from LSEG data February 29 at
05:59 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      0.16           1.33           Beat
 Sep. 30 2023      0.25           0.00           Missed
 Jun. 30 2023      0.27           -0.01          Missed
 Mar. 31 2023      0.22           0.28           Beat