W&T Offshore Inc expected to post a loss of 4 cents a share - Earnings Preview

W&T Offshore

28/07/2023 21:57

* W&T Offshore Inc  WTI.N   WTI  is expected to show a fall
in
quarterly revenue when it reports  results on August 1. 
    * The Houston Texas-based  company is expected to report  a
53.2% decrease in revenue to $128.267 million from $273.81
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for W&T Offshore Inc is
for a
loss of 4 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 109.7% in the last three months. ​
    * Wall Street's median 12-month price target for W&T
Offshore Inc
is $9.7​, above​ its last closing price of $4.29. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.01       -0.01      -0.02     Missed  -33.3
 Dec. 31 2023  0.06        0.06       0.30      Beat    400
 Sep. 30 2022  0.34        0.45       0.49      Beat    8.9​
 Jun. 30 2022  0.33        0.37       1.32      Beat    261.6
 ​​Mar.        0.18        0.19       0.21      Beat    13.5
 31 2022                                                
 Dec. 31 2021  0.04        0.03       0.10      Beat    233.3​
 Sep. 30 2021  -0.07       -0.09      0.00      Beat    100
 Jun. 30 2021  0.09        0.09       0.02      Missed  -76.5
 This summary was machine generated July 28 at 20:57 GMT.  All
figures in US dollars  unless otherwise stated