Texas Pacific Land Corp reports results for the quarter ended in September - Earnings Summary

Texas Pacific Land (Dover)

02/11/2023 09:11

* Texas Pacific Land Corp  TPL.N  reported quarterly
adjusted
earnings of $13.74​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $16.82.  The mean expectation of
two analysts for the quarter was for earnings of $14.97 per
share. Wall Street expected results to range from $14.97 
to $14.97 per share.
    * Revenue fell 17.3% to $157.97 million from a year ago;
analysts
expected $171.34 million. 
    * Texas Pacific Land Corp's reported EPS for the quarter was
$13.74​.
    * The company reported quarterly net income of $105.57
million.
    * Texas Pacific Land Corp shares had risen by 1.1% this
quarter and lost 21.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 18.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Texas
Pacific
Land Corp is $2,181.50 

This summary was machine generated from LSEG data November 2 at
09:11 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      14.97          13.74          Missed
 Jun. 30 2023      11.22          13.05          Beat
 Mar. 31 2023      13.20          11.25          Missed
 Dec. 31 2022      15.14          12.94          Missed