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

Sitio Royalties

09/05/2023 23:05

* Sitio Royalties Corp  STR.N  reported quarterly adjusted
earnings of 28 cents​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of 22 cents per share.
    * Revenue rose 567.2% to $150.83 million from a year ago;
analysts
expected $154.48 million. 
    * Sitio Royalties Corp's reported EPS for the quarter was 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 53.6%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Sitio Royalties Corp shares had risen by 13.9% this
quarter and
lost 10.7% so far this year.
    * The company reported quarterly net income of $22.65
million.
    * Wall Street's median 12-month price target for Sitio
Royalties
Corp is $34.00 
    * 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 May
9 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.63           1.56           Beat