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

W&T Offshore

11/05/2024 24:03

* W&T Offshore Inc  WTI.N  reported a quarterly adjusted
loss of 5
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of three analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -9 cents to -2 cents per share.
    * Revenue rose 6.9% to $140.79 million from a year ago;
analysts
expected $139.56 million. 
    * W&T Offshore Inc's reported EPS for the quarter was a loss
of 8
cents​.
    * The company reported a quarterly loss of $11.47 million.
    * W&T Offshore Inc shares had fallen by 10.2% this
quarter and
lost 27.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 265%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $8.90 
This summary was machine generated from LSEG data May 10 at
11:03 p.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
 Mar. 31 2024      -0.05          -0.05          Met
 Dec. 31 2023      0.01           0.00           Missed
 Sep. 30 2023      0.05           0.01           Missed
 Jun. 30 2023      -0.05          -0.08          Missed