* Comstock Resources Inc reported a quarterly adjusted loss of 3 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of thirteen analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -10 cents tozero cents per share.
* Revenue fell 31.4% to $335.77 million from a year ago; analysts expected $344.56 million.
* Comstock Resources Inc's reported EPS for the quarter was a loss of 5 cents.
* The company reported a quarterly loss of $14.47 million.
* Comstock Resources Inc shares had risen by 5.3% this quarter and gained 10.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 140.7% in the last three months.
* In the last 30 days, eight analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 9 "hold" and 2 "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 Comstock Resources Inc is $9.50 This summary was machine generated from LSEG data May 2 at 11:33 a.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 -0.07 -0.03 Beat
Dec. 31 2023 0.13 0.10 Missed
Sep. 30 2023 0.05 0.04 Missed
Jun. 30 2023 0.05 0.00 Missed
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