Coterra Energy Inc reports results for the quarter ended in January - Earnings Summary

• Coterra Energy Inc CTRA reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of twenty five analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 29 cents to 48 cents per share.

• Revenue fell 19.4% to $1.43 billion from a year ago; analysts expected $1.39 billion.

• Coterra Energy Inc's reported EPS for the quarter was 47 cents​.

• The company reported quarterly net income of $352 million.

• Coterra Energy Inc shares had fallen by 2.6% this quarter and gained 6.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25.3% 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 "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 11 "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 $32.00

This summary was machine generated from LSEG data May 3 at 12:46 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)