Talos Energy Inc reports results for the quarter ended in January - Earnings Summary

Talos Energy

08/08/2024 24:32

* Talos Energy Inc  TALO.N  reported quarterly adjusted
earnings
of 3 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 9 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 13 cents per share. Wall Street
expected results to range from -70 cents to 12 cents per share.
    * Revenue rose 49.6% to $549.17 million from a year ago;
analysts
expected $517.56 million. 
    * Talos Energy Inc's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $12.38
million.
    * Talos Energy Inc shares had fallen by 16.7% this
quarter and
lost 28.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4,033.9% 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 "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "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 Talos Energy Inc
is $18.00 
This summary was machine generated from LSEG data August 7 at
11:32 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
 Jun. 30 2024      -0.13          0.03           Beat
 Mar. 31 2024      -0.10          -0.13          Missed
 Dec. 31 2023      0.17           -0.01          Missed
 Sep. 30 2023      0.17           0.15           Missed