Vaalco Energy Inc Reports Results For The Quarter Ended In December: Earnings Summary

VAALCO Energy

13/03/2024 23:37

* VAALCO Energy Inc  EGY.N  reported quarterly adjusted
earnings
of 37 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 17 cents.  The mean expectation of two analysts
for the quarter was for earnings of 12 cents per share. 
    * Revenue rose 54.4% to $149.15 million from a year ago;
analysts
expected $129.07 million. 
    * VAALCO Energy Inc's reported EPS for the quarter was 41
cents​.
    * The company reported quarterly net income of $43.99
million.
    * VAALCO Energy Inc shares had fallen by 3.3% this quarter.

FORECAST CHANGES
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for VAALCO
Energy Inc
is $8.30 

This summary was machine generated from LSEG data March 13 at
11:36 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      0.12           0.37           Beat
 Sep. 30 2023      0.14           0.07           Missed
 Jun. 30 2023      0.14           0.11           Missed
                                  0.07