Southwestern Energy Co reports results for the quarter ended in December - Earnings Summary

Southwestern Energy Co

23/02/2024 12:07

* Southwestern Energy Co  SWN.N  reported quarterly adjusted
earnings of 17 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 26 cents.  The mean expectation of
twenty two analysts for the quarter was for earnings of 13 cents
per share. Wall Street expected results to range from 7 cents
to 23 cents per share.
    * Revenue fell 49.9% to $1.69 billion from a year ago;
analysts
expected $1.30 billion. 
    * Southwestern Energy Co's reported EPS for the quarter was
a loss
of 60 cents​.
    * The company reported a quarterly loss of $658 million.
    * Southwestern Energy Co shares had risen by 7.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
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 "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 12
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "hold"

Wall Street's median 12-month price target for Southwestern
Energy Co is $8.00 
This summary was machine generated from LSEG data February 23 at
12:07 p.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      0.13           0.17           Beat
 Sep. 30 2023      0.07           0.10           Beat
 Jun. 30 2023      0.06           0.09           Beat
 Mar. 31 2023      0.28           0.31           Beat