Falcon Minerals (FLMN) Lags Q3 Earnings Estimates

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Falcon Minerals (FLMN) Lags Q3 Earnings Estimates

Falcon Minerals (FLMN) got here out with quarterly earnings of $0.01 per share, lacking the Zacks C


Falcon Minerals (FLMN) got here out with quarterly earnings of $0.01 per share, lacking the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.06 per share a yr in the past. These figures are adjusted for non-recurring gadgets.

This quarterly report represents an earnings shock of -75%. 1 / 4 in the past, it was anticipated that this firm would submit a lack of $0.02 per share when it really produced a lack of $0.01, delivering a shock of 50%.

During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.

Falcon Minerals, which belongs to the Zacks Oil and Gasoline – Subject Companies business, posted revenues of $9.67 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 1.43%. This compares to year-ago revenues of $15.91 million. The corporate has topped consensus income estimates simply as soon as during the last 4 quarters.

The sustainability of the inventory’s instant value motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.

Falcon Minerals shares have misplaced about 72.1% because the starting of the yr versus the S&P 500’s acquire of 4.3%.

What’s Subsequent for Falcon Minerals?

Whereas Falcon Minerals has underperformed the market up to now this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?

There aren’t any simple solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.

Empirical analysis exhibits a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a powerful monitor document of harnessing the facility of earnings estimate revisions.

Forward of this earnings launch, the estimate revisions development for Falcon Minerals was unfavorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the entire listing of immediately’s Zacks #1 Rank (Robust Purchase) shares right here.

Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.06 on $10.90 million in revenues for the approaching quarter and $0.15 on $40.33 million in revenues for the present fiscal yr.

Traders must be conscious of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as properly. When it comes to the Zacks Business Rank, Oil and Gasoline – Subject Companies is presently within the backside 15% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.

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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.



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