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

W&T Offshore

09/11/2022 04:22

* W&T Offshore Inc  WTI.N  reported quarterly adjusted
earnings of
49 cents​​ per share for the quarter ended in September. The
mean expectation of two analysts for the quarter was
for earnings of 34 cents per share.
    * Revenue rose 98.9% to $266.49 million from a year ago;
analysts
expected $231.70 million. 
    * W&T Offshore Inc's reported EPS for the quarter was 46
cents​.
    * The mean earnings estimate of analysts had risen by
about 3% in
the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * W&T Offshore Inc shares had risen by 53.4% this
quarter and
gained 178.3% so far this year.
    * The company reported quarterly net income of $66.72
million.
    * Wall Street's median 12-month price target for W&T
Offshore Inc
is $9.55 
    * 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 Refinitiv data November
9 at 04:21 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.34           0.49           Beat
 Jun. 30 2022      0.37           1.32           Beat
 Mar. 31 2022      0.19           0.21           Beat
 Dec. 31 2021      0.03           0.10           Beat