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

Sitio Royalties

08/11/2022 23:37

* Sitio Royalties Corp  STR.N  reported quarterly adjusted
earnings of 70 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 77 cents per share.
    * Revenue rose 503.7% to $115.50 million from a year ago;
analysts
expected $115.70 million. 
    * Sitio Royalties Corp's reported EPS for the quarter was 70
cents​.
    * The mean earnings estimate of analysts had risen by
about 11.4%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Sitio Royalties Corp shares had risen by 38.6% this
quarter and
gained 57.3% so far this year.
    * The company reported quarterly net income of $9.14
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 Refinitiv data November
8 at 11:37 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.77           0.70           Missed
 Jun. 30 2022      0.63           1.56           Beat
 Mar. 31 2022      0.35           -0.12          Missed
 Dec. 31 2021      0.28           0.40           Beat