* APA Corp (US) reported quarterly adjusted earnings of 78 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.19. The mean expectation of twenty five analysts for the quarter was for earnings of 94 cents per share. Wall Street expected results to range from 59 cents to $1.58 per share.
* Revenue rose 8.9% to $1.95 billion from a year ago; analysts expected $1.93 billion.
* APA Corp (US)'s reported EPS for the quarter was 44 cents.
* The company reported quarterly net income of $132 million.
* APA Corp (US) shares had fallen by 8.6% this quarter and lost 12.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 7.8% in the last three months.
* In the last 30 days, five analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy," 14 "hold" and 4 "sell" or "strong sell."
* The average consensus recommendation for the oil & gas exploration and production peer group is also "hold"
Wall Street's median 12-month price target for APA Corp (US) is $40.00 This summary was machine generated from LSEG data May 1 at 09:22 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 0.94 0.78 Missed
Dec. 31 2023 1.35 1.15 Missed
Sep. 30 2023 1.09 1.33 Beat
Jun. 30 2023 0.75 0.85 Beat
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