W&T Offshore WTI is gearing up to announce its quarterly earnings on Thursday, 2024-11-07. Here's a quick overview of what investors should know before the release.
Analysts are estimating that W&T Offshore will report an earnings per share (EPS) of $-0.19.
Investors in W&T Offshore are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Earnings History Snapshot
In the previous earnings release, the company missed EPS by $0.06, leading to a 4.27% increase in the share price the following trading session.
Here's a look at W&T Offshore's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.01 | -0.05 | 0.01 | 0.03 |
| EPS Actual | -0.05 | -0.05 | -0.06 | 0.01 |
| Price Change % | 4.0% | -2.0% | -8.0% | -2.0% |
Performance of W&T Offshore Shares
Shares of W&T Offshore were trading at $2.25 as of November 05. Over the last 52-week period, shares are down 36.33%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for W&T Offshore visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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