* Diamondback Energy Inc reported quarterly adjusted earnings of $4.50 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $4.10. The mean expectation of twenty six analysts for the quarter was for earnings of $4.42 per share. Wall Street expected results to range from $4.21 to $4.73 per share.
* Revenue rose 15.7% to $2.23 billion from a year ago; analysts expected $2.09 billion.
* Diamondback Energy Inc's reported EPS for the quarter was $4.28.
* The company reported quarterly net income of $768 million.
* Diamondback Energy Inc shares had risen by 3.9% this quarter and gained 32.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 2.4% in the last three months.
* In the last 30 days, six analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 4 "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 Diamondback Energy Inc is $217.00 This summary was machine generated from LSEG data April 30 at 09:00 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 4.42 4.50 Beat
Dec. 31 2023 4.66 4.74 Beat
Sep. 30 2023 5.01 5.49 Beat
Jun. 30 2023 3.90 3.68 Missed
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