Stock Track | Comstock Resources Plunges After Disappointing Earnings Miss

Stock Track10-31

Shares of Comstock Resources (CRK) plummeted by over 5% in early trading on Wednesday, following the company's disappointing third-quarter earnings report released after the market close on Tuesday.

The oil and gas exploration and production company reported a quarterly adjusted loss of $0.17 per share for the three months ended September 30, missing analysts' consensus estimate of a $0.16 loss per share. Revenue for the quarter fell 19.2% year-over-year to $304.47 million, also falling short of Wall Street's expectations of $323.14 million.

The weak results led Piper Sandler analyst Mark Lear to reiterate a "Sell" rating on the stock, further exacerbating the sell-off. Lear cited concerns over the company's lackluster financial performance and competitive positioning within the industry.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1140113778?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-31 22:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1140113778","market":"us","top_or_hot":-1,"title":"Stock Track | Comstock Resources Plunges After Disappointing Earnings Miss","media":"Stock Track","content":"<p>Shares of Comstock Resources (CRK) plummeted by over 5% in early trading on Wednesday, following the company's disappointing third-quarter earnings report released after the market close on Tuesday.</p>\n\n<p>The oil and gas exploration and production company reported a quarterly adjusted loss of $0.17 per share for the three months ended September 30, missing analysts' consensus estimate of a $0.16 loss per share. Revenue for the quarter fell 19.2% year-over-year to $304.47 million, also falling short of Wall Street's expectations of $323.14 million.</p>\n\n<p>The weak results led Piper Sandler analyst Mark Lear to reiterate a \"Sell\" rating on the stock, further exacerbating the sell-off. Lear cited concerns over the company's lackluster financial performance and competitive positioning within the industry.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Comstock Resources Plunges After Disappointing Earnings Miss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Comstock Resources Plunges After Disappointing Earnings Miss\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-31 22:01 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Comstock Resources (CRK) plummeted by over 5% in early trading on Wednesday, following the company's disappointing third-quarter earnings report released after the market close on Tuesday.\n...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRK","symbol_name":"康斯托克能源","start_time":0,"source_url":"","article_id":"1140113778","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140113778","pubTimestamp":1730383294,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Comstock Resources  plummeted by over 5% in early trading on Wednesday, following the company's disappointing third-quarter earnings report released after the market close on Tuesday.The oil and gas exploration and production company reported a quarterly adjusted loss of $0.17 per share for the three months ended September 30, missing analysts' consensus estimate of a $0.16 loss per share. Revenue for the quarter fell 19.2% year-over-year to $304.47 million, also falling short of Wall ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRK":"康斯托克能源"},"translate_title":"康斯托克资源公司(Comstock Resources)因盈利低于预期而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRK":1},"content_text":"Shares of Comstock Resources (CRK) plummeted by over 5% in early trading on Wednesday, following the company's disappointing third-quarter earnings report released after the market close on Tuesday.\nThe oil and gas exploration and production company reported a quarterly adjusted loss of $0.17 per share for the three months ended September 30, missing analysts' consensus estimate of a $0.16 loss per share. Revenue for the quarter fell 19.2% year-over-year to $304.47 million, also falling short of Wall Street's expectations of $323.14 million.\nThe weak results led Piper Sandler analyst Mark Lear to reiterate a \"Sell\" rating on the stock, further exacerbating the sell-off. Lear cited concerns over the company's lackluster financial performance and competitive positioning within the industry.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1140113778"}