Coterra Energy Inc reports results for the quarter ended December 31 - Earnings Summary

• Coterra Energy Inc CTRA.N reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 37 cents to 51 cents per share.

• Revenue fell 9.4% to $1.45 billion from a year ago; analysts expected $1.40 billion.

• Coterra Energy Inc's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of $297 million.

• Coterra Energy Inc shares had risen by 10.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.4% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 4 "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 Coterra Energy Inc is $34.00

This summary was machine generated from LSEG data February 24 at 11:30 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)