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

Vitesse Energy

06/05/2024 23:49

* Vitesse Energy Inc  VTS.N  reported quarterly adjusted
earnings
of 34 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 54 cents.  The mean expectation of six analysts for the
quarter was for earnings of 34 cents per share. Wall Street
expected results to range from 32 cents to 38 cents per share.
    * Revenue rose 5.6% to $61.19 million from a year ago;
analysts
expected $60.50 million. 
    * Vitesse Energy Inc's reported EPS for the quarter was a
loss
of 7 cents​.
    * The company reported a quarterly loss of $2.19 million.
    * Vitesse Energy Inc shares had fallen by 4.6% this
quarter and
gained 3.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 40.1%
in the last three months.​ 
    * In the last 30 days, four 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 $27.75 
This summary was machine generated from LSEG data May 6 at 10:49
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
 Mar. 31 2024      0.34           0.34           Met
 Dec. 31 2023      0.43           0.52           Beat
 Sep. 30 2023      0.42           0.38           Missed
 Jun. 30 2023      0.53           0.34           Missed