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

Southwestern Energy Co

02/08/2024 04:47

* Southwestern Energy Co  SWN.N  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 9 cents.  The mean expectation of
nineteen analysts for the quarter was for earnings of 11 cents
per share. Wall Street expected results to range from 2 cents
to 30 cents per share.
    * Revenue fell 14.7% to $1.08 billion from a year ago;
analysts
expected $1.09 billion. 
    * Southwestern Energy Co's reported EPS for the quarter was
a loss
of 55 cents​.
    * The company reported a quarterly loss of $608 million.
    * Southwestern Energy Co shares had fallen by 4.2% this
quarter and lost 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6% in
the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 14
"hold" and no "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 $8.33 
This summary was machine generated from LSEG data August 2 at
03:47 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
 Jun. 30 2024      0.11           0.10           Missed
 Mar. 31 2024      0.13           0.12           Missed
 Dec. 31 2023      0.13           0.17           Beat
 Sep. 30 2023      0.07           0.10           Beat