* Earthstone Energy Inc reported quarterly adjusted earnings of 75 cents per share for the quarter ended in September, lower than the same quarter last year, when the company reported EPS of $1.30. The mean expectation of nine analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 61 cents to $1.02 per share.
* Revenue fell 10.5% to $475.82 million from a year ago; analysts expected $447.17 million.
* Earthstone Energy Inc's reported EPS for the quarter was 57 cents.
* The company reported quarterly net income of $61.36 million.
* Earthstone Energy Inc shares had risen by 4.6% this quarter and gained 48.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 18.9% 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 "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"
Wall Street's median 12-month price target for Earthstone Energy Inc is $26.00 This summary was machine generated from LSEG data November 1 at 02:25 p.m. UTC. All figures in US dollars unless otherwise stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2023 0.78 0.75 Missed
Jun. 30 2023 0.50 0.53 Beat
Mar. 31 2023 0.74 0.77 Beat
Dec. 31 2022 1.05 1.04 Missed
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