Vital Energy Inc expected to post earnings of $1.84 a share - Earnings Preview

Vital Energy

06/08/2024 03:03

* Vital Energy Inc  VTLE.N   VTLE.K  is expected to show a
rise in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Tulsa Oklahoma-based  company is expected to report a
41.1% increase in revenue to $472.884 million from $335.06
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Vital Energy Inc is for
earnings of $1.84 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Vital
Energy Inc
is $59.00​, above​ its last closing price of $37.24. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Capital Expenditures between USD225 million and
USD250 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.99        1.97       1.84      Missed  -6.4
 Dec. 31 2024  2.49        2.43       2.55      Beat    4.8
 Sep. 30 2023  5.37        5.46       5.16      Missed  -5.5​
 Jun. 30 2023  3.90        3.96       4.35      Beat    10
 ​​Mar.        4.53        4.58       4.50      Missed  -1.8
 31 2023                                                
 Dec. 31 2022  3.68        3.86       3.49      Missed  -9.5​
 Sep. 30 2022  5.68        6.22       5.30      Missed  -14.8
 Jun. 30 2022  7.25        7.45       7.50      Beat    0.7
 This summary was machine generated August 6 at 02:03 GMT.  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)