Comstock Resources Inc reports results for the quarter ended March 31 - Earnings Summary

• Comstock Resources Inc CRK.N reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 10 cents to 23 cents per share.

• Revenue rose 52.7% to $512.85 million from a year ago; analysts expected $422.45 million.

• Comstock Resources Inc's reported EPS for the quarter was a loss of 40 cents​.

• The company reported a quarterly loss of $115.39 million.

• Comstock Resources Inc shares had fallen by 7.0% this quarter and gained 3.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 10.1% in the last three months.​

• In the last 30 days, four 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," 12 "hold" and 3 "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 $19.00

This summary was machine generated from LSEG data April 30 at 10:48 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)