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

Sitio Royalties

09/08/2023 05:34

* Sitio Royalties Corp  STR.N  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
27 cents per share.
    * Revenue rose 55.4% to $136.47 million from a year ago;
analysts
expected $148.68 million. 
    * Sitio Royalties Corp's reported EPS for the quarter was a
loss
of 1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 8.6%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Sitio Royalties Corp shares had risen by 2.7% this
quarter and
lost 6.4% so far this year.
    * The company reported a quarterly loss of $796 thousand.
    * Wall Street's median 12-month price target for Sitio
Royalties
Corp is $32.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 04:34 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.27           -0.01          Missed
 Mar. 31 2023      0.22           0.28           Beat
 Dec. 31 2022      0.43           0.10           Missed
 Sep. 30 2022      0.77           0.70           Missed