* Comstock Resources Inc reported a quarterly adjusted loss of 17 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of fourteen analysts for the quarter was for a loss of 16 cents per share. Wall Street expected results to range from -19 cents to -11 cents per share.
* Revenue fell 19.2% to $304.47 million from a year ago; analysts expected $323.14 million.
* Comstock Resources Inc's reported EPS for the quarter was a loss of 9 cents.
* The company reported a quarterly loss of $28.89 million.
* Comstock Resources Inc shares had risen by 7.4% this quarter and gained 35.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 452.7% in the last three months.
* In the last 30 days, twelve analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 9 "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 Comstock Resources Inc is $10.50 This summary was machine generated from LSEG data October 31 at 03:02 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
Sep. 30 2024 -0.16 -0.17 Missed
Jun. 30 2024 -0.16 -0.20 Missed
Mar. 31 2024 -0.07 -0.03 Beat
Dec. 31 2023 0.13 0.10 Missed
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