W&T Offshore, Inc. Just Beat EPS By 24%: Here's What Analysts Think Will Happen Next [Yahoo! Finance News]
W&T Offshore, Inc. (WTI)
Last w&t offshore, inc. earnings: 3/4 04:45 pm
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Source: Yahoo! Finance News
One of the biggest stories of last week was how W&T Offshore, Inc. NYSE:WTI See our latest analysis for W&T Offshore After the latest results, the two analysts covering W&T Offshore are now predicting revenues of US$545.9m in 2020. If met, this would reflect a satisfactory 2.5% improvement in sales compared to the last 12 months. Statutory earnings per share are forecast to plummet 48% to US$0.27 in the same period. In the lead-up to this report, analysts had been modelling revenues of US$618.8m and earnings per share EPS) of US$0.13 in 2020. There's been a definite change in sentiment after these results, with analysts administering a to next year's revenue estimates, while at the same time substantially upgrading EPS. It's almost as though the business is forecast to reduce its focus on growth to enhance profitability. The consensus price target fell 15% to US$6.69, with analysts signalling that the weaker revenue outlook was a more powerful indicator than the upgraded EPS forecasts
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WTI
News
- W&T Offshore, Inc. (NYSE: WTI) had its price target raised by analysts at Stifel Nicolaus from $7.50 to $7.80. They now have a "buy" rating on the stock.MarketBeat
- An Intrinsic Calculation For W&T Offshore, Inc. (NYSE:WTI) Suggests It's 36% Undervalued [Yahoo! Finance]Yahoo! Finance
- W&T Announces Addition to its Board of DirectorsGlobeNewswire
- W&T (WTI) Up 5.7% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Can W&T Offshore, Inc. (NYSE:WTI) Maintain Its Strong Returns? [Yahoo! Finance]Yahoo! Finance
WTI
Earnings
- 3/5/24 - Miss
WTI
Analyst Actions
- 4/23/24 - Stifel
WTI
Sec Filings
- 4/16/24 - Form 3
- 4/11/24 - Form 8-K
- 3/28/24 - Form 8-K
- WTI's page on the SEC website