Comstock Resources Incexpected to post a loss of 16 cents a share - Earnings Preview
Comstock Resources Inc is expected to report a rise in revenue for the quarter ending June 30, 2024. Analysts predict a loss of 16 cents per share. The average analyst rating is "hold" with a median 12-month price target of $10.00. The company's previous quarterly performances have varied.
Comstock Resources Inc (CRK.N) (CRK) is expected to show a rise in quarterly revenue when it reports results on July 30 for the period ending June 30 2024
The Frisco Texas-based company is expected to report a 2.9% increase in revenue to $296.692 million from $288.21 million a year ago, according to the mean estimate from 9 analysts, based on LSEG data. (“Majority is on Total Revenue basis”, Quarters may not add up to annuals due to difference in broker actual.)
LSEG’s mean analyst estimate for Comstock Resources Inc is for a loss of 16 cents per share.
The current average analyst rating on the shares is “hold” and the breakdown of recommendations is no “strong buy” or “buy,” 11 “hold” and 2 “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 Comstock Resources Inc is $10.00, below its last closing price of $10.40. The company’s guidance on May 2 2024 for the period ended June 30 was for Capital Expenditures between USD200 million and USD250 million. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Mar. 31 2024 -0.07 -0.07 -0.03 Beat 57.7
Dec. 31 2024 0.11 0.13 0.10 Missed -20.5
Sep. 30 2023 0.05 0.05 0.04 Missed -15.3
Jun. 30 2023 0.06 0.05 0.00 Missed -100
Mar. 0.36 0.35 0.33 Missed -4.4
31 2023
Dec. 31 2022 0.81 0.84 1.05 Beat 25.2
Sep. 30 2022 1.18 1.17 1.18 Beat 0.8
Jun. 30 2022 0.97 1.00 5.4
This summary was machine generated July 27 at 00:20 GMT. 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)