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

• Comstock Resources Inc CRK reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -17 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 1 cents to 15 cents per share.

• Revenue rose 47.7% to $449.85 million from a year ago; analysts expected $424.39 million.

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

• The company reported quarterly net income of $111.13 million.

• Comstock Resources Inc shares had fallen by 5.4% this quarter and gained 2.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 55.7% in the last three months.​

• In the last 30 days, six 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," 9 "hold" and 4 "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 $19.00, about 1.2% above its last closing price of $19.23

This summary was machine generated from LSEG data November 3 at 11:39 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)