Range Resources Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.10-24

Range Resources (NYSE:RRC) Third Quarter 2024 Results Key Financial Results Revenue: US$567.9m (flat on 3Q 2023). Net income: US$50.7m (up 3.8% from 3Q 2023). Profit margin: 8.9% (up from 8.5% in 3Q ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 2.1%. Earnings per share  also missed analyst estimates by 39%.Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Oil and Gas industry in the US.Performance of the American Oil and Gas industry.The company's shares are up 4.0% from a week ago.You still need to take note of risks, for example - Range Resources has   1 warning sign   we think you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RRC":"山脉资源"},"translate_title":"Range Resources 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RRC":1},"content_text":"Range Resources (NYSE:RRC) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$567.9m (flat on 3Q 2023).\nNet income: US$50.7m (up 3.8% from 3Q 2023).\nProfit margin: 8.9% (up from 8.5% in 3Q 2023).\nEPS: US$0.21 (up from US$0.20 in 3Q 2023).\n\n\n\n\n  NYSE:RRC Earnings and Revenue Growth October 24th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nRange Resources Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 39%. \n Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Oil and Gas industry in the US. \nPerformance of the American Oil and Gas industry.\n The company's shares are up 4.0% from a week ago. \nRisk Analysis\n You still need to take note of risks, for example - Range Resources has   1 warning sign   we think you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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