W&T Offshore Inc reports results for the quarter ended in December - Earnings Summary

W&T Offshore

06/03/2024 24:13

* W&T Offshore Inc  WTI.N  reported quarterly breakeven
results​​
per share for the quarter ended in December, lower than the same
quarter last year, when the company reported EPS of 30 cents. 
The mean expectation of three analysts for the quarter was
for earnings of one cent per share. Wall Street expected
results to range from -2 cents to 5 cents per share.
    * Revenue fell 30.2% to $132.34 million from a year ago;
analysts
expected $138.42 million. 
    * W&T Offshore Inc's reported EPS for the quarter was
breakeven
results​.
    * The company reported a quarterly loss of $443 thousand.
    * W&T Offshore Inc shares had fallen by 12.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 83.3%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is  "buy."

Wall Street's median 12-month price target for W&T Offshore Inc
is $8.95 
This summary was machine generated from LSEG data March 6 at
12:13 a.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
 Dec. 31 2023      0.01           0.00           Missed
 Sep. 30 2023      0.05           0.01           Missed
 Jun. 30 2023      -0.05          -0.08          Missed
 Mar. 31 2023      -0.01          -0.02          Missed