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

W&T Offshore

10/05/2023 15:54

* W&T Offshore Inc  WTI.N  reported a quarterly adjusted
loss of 2
cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of
one cent per share.
    * Revenue fell 31% to $131.73 million from a year ago;
analysts
expected $163.26 million. 
    * W&T Offshore Inc's reported EPS for the quarter was 17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 104.3% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * W&T Offshore Inc shares had fallen by 16.7% this
quarter and
lost 24.2% so far this year.
    * The company reported quarterly net income of $26.01
million.
    * Wall Street's median 12-month price target for W&T
Offshore Inc
is $9.85 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
10 at 02:54 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.01          -0.02          Missed
 Dec. 31 2022      0.06           0.30           Beat
 Sep. 30 2022      0.45           0.49           Beat
 Jun. 30 2022      0.37           1.32           Beat