W&T Offshore Inc expected to post earnings of 3  cents a share - Earnings Preview

W&T Offshore

04/11/2023 03:03

* W&T Offshore Inc  WTI.N   WTI  is expected to show a fall
in
quarterly revenue when it reports  results on November 7. 
    * The Houston Texas-based  company is expected to report  a
49.2% decrease in revenue to $135.386 million from $266.49
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for W&T Offshore Inc is
for
earnings of 3 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for W&T
Offshore Inc
is $10​, above​ its last closing price of $4.22. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.34        0.45       0.49      Beat    8.9
 ​​Jun.        0.33        0.37       1.32      Beat    261.6
 30 2022                                                
 Mar. 31 2022  0.18        0.19       0.21      Beat    13.5​
 Dec. 31 2021  0.04        0.03       0.10      Beat    233.3
 Sep. 30 2021  -0.07       -0.09      0.00      Beat    100
 This summary was machine generated November 4 at 03:03 GMT.  All
figures in US dollars  unless otherwise stated