W&T Offshore Inc expected to post earnings of 1 cent a share - Earnings Preview

W&T Offshore

01/03/2024 21:46

* W&T Offshore Inc  WTI.N   WTI  is expected to show a fall
in
quarterly revenue when it reports  results on March 5 for the
period ending December 31 2023
    * The Houston Texas-based  company is expected to report a
27.0% decrease in revenue to $138.424 million from $189.7
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for W&T Offshore Inc is for
earnings of 1 cent 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for W&T
Offshore Inc
is $8.95​, above​ its last closing price of $3.02. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.06        0.05       0.01      Missed  -80
 Jun. 30 2023  -0.06       -0.05      -0.08     Missed  -50
 Mar. 31 2023  -0.01       -0.01      -0.02     Missed  -33.3​
 Dec. 31 2022  0.06        0.06       0.30      Beat    400
 ​​Sep.        0.34        0.45       0.49      Beat    8.9
 30 2022                                                
 Jun. 30 2022  0.33        0.37       1.32      Beat    261.6​
 Mar. 31 2022  0.18        0.19       0.21      Beat    13.5
 Dec. 31 2021  0.04        0.03       0.10      Beat    233.3
 This summary was machine generated March 1 at 21:46 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)