Comstock Resources Inc reports results for the quarter ended June 30 - Earnings Summary

• Comstock Resources Inc CRK.N reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 6 cents to 14 cents per share.

• Revenue fell 47.2% to $130.30 million from a year ago; analysts expected $419.59 million.

• Comstock Resources Inc's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $124.84 million.

• Comstock Resources Inc shares had fallen by 24.0% this quarter and gained 15.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 39.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 10 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

• Wall Street's median 12-month price target for Comstock Resources Inc is $23.00, about 9.6% above its last closing price of $20.79

This summary was machine generated from LSEG data July 30 at 10:51 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)