Sitio Royalties Corp reports results for the quarter ended in September 30 - Earnings Summary

Sitio Royalties

07/11/2024 04:08

* Sitio Royalties Corp  STR.N  reported quarterly adjusted
earnings of 15 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported breakeven earnings per share.  The mean expectation of
six analysts for the quarter was for earnings of 13 cents per
share. Wall Street expected results to range from 11 cents to 15
cents per share.
    * Revenue fell 4.7% to $149.38 million from a year ago;
analysts
expected $153.25 million. 
    * Sitio Royalties Corp's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $12.56
million.
    * Sitio Royalties Corp shares had risen by 8.7% this
quarter and
lost 3.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 39.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and 1 "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 $27.00 
This summary was machine generated from LSEG data November 7 at
04:07 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
 Jan. 1 0001       0.13           0.15           Beat
 Jun. 30 2024      0.18           0.15           Missed
 Mar. 31 2024                     0.10           
 Dec. 31 2023                     1.33