* Vitesse Energy Inc reported quarterly adjusted earnings of 23 cents per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of six analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 33 cents to 41 cents per share.
* Revenue rose 5.9% to $58.28 million from a year ago; analysts expected $61.19 million.
* Vitesse Energy Inc's reported EPS for the quarter was 53 cents.
* The company reported quarterly net income of $17.44 million.
* Vitesse Energy Inc shares had risen by 4.5% this quarter and gained 14.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 18% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "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 Vitesse Energy Inc is $27.75 This summary was machine generated from LSEG data November 5 at 07:59 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 0.37 0.23 Missed
Jun. 30 2024 0.37 0.35 Missed
Mar. 31 2024 0.34 0.34 Met
Dec. 31 2023 0.43 0.52 Beat
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