Vitesse Energy Inc reports results for the quarter ended in June - Earnings Summary

Vitesse Energy

05/08/2024 22:37

* Vitesse Energy Inc  VTS.N  reported quarterly adjusted
earnings
of 35 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 34 cents.  The mean expectation of six analysts for the
quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 35 cents to 39 cents per share.
    * Revenue rose 29.1% to $66.60 million from a year ago;
analysts
expected $64.73 million. 
    * Vitesse Energy Inc's reported EPS for the quarter was 33
cents​.
    * The company reported quarterly net income of $10.93
million.
    * Vitesse Energy Inc shares had fallen by 0.3% this
quarter and
gained 8.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 Vitesse Energy
Inc is $28.00 
This summary was machine generated from LSEG data August 5 at
09:37 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      0.37           0.35           Missed
 Mar. 31 2024      0.34           0.34           Met
 Dec. 31 2023      0.43           0.52           Beat
 Sep. 30 2023      0.42           0.38           Missed