Vital Energy Inc expected to post earnings of $1.97 a share - Earnings Preview

Vital Energy

07/05/2024 03:06

* Vital Energy Inc  VTLE.N   VTLE.K  is expected to show a
rise in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Tulsa Oklahoma-based  company is expected to report a
39.1% increase in revenue to $462.672 million from $332.51
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 $1.97 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Vital
Energy Inc
is $72.50​, above​ its last closing price of $53.45. ​​​

The company's guidance on February 21 2024 for the period ended
March 31 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  
 Dec. 31 2023  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. 31 2023  4.53        4.58       4.50      Missed  -1.8
 ​​Dec.        3.68        3.86       3.49      Missed  -9.5
 31 2022                                                
 Sep. 30 2022  5.68        6.22       5.30      Missed  -14.8​
 Jun. 30 2022  7.25        7.45       7.50      Beat    0.7
 Jan. 1 0001   6.15        6.11       5.26      Missed  -13.9
 This summary was machine generated May 7 at 02:06 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)