Mark your calendars for Monday 5th August 2024, as Viper Energy (NASDAQ: VNOM) will be revealing its second quarter financial results. This highly awaited announcement is scheduled to take place after market close, pave the way to review a period of expectation and anticipation.
Financial experts on Wall Street anticipate that the firm is set to announce an estimated $0.56 profit per share for the quarter. Furthermore, the company is expected to disclose a total revenue of $216.24 million for this specific period.
The projections from Wall Street analysts indicate that the company is expected to generate a total revenue of $875.26 million for the full year. Moreover, they anticipate the earnings per share to reach profit of $2.39 during the fiscal year.
During the equivalent quarter of the preceding year, the company’s financial report highlighted a per-share income of $0.47. This significant amount was the outcome of the company’s total revenue, which reached a $160.79 million during that particular timeframe.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $0.52 | -1.9% | 205.39 M | +21.6% |
| Q4 2023 | $0.67 | +139.3% | 204.71 M | +0.5% |
| Q3 2023 | $1.10 | +12.2% | 293.24 M | +32.3% |
| Q2 2023 | $0.47 | +9.3% | 160.79 M | -32.8% |
*Growth on year-over-year basis
In addition, The firm will review the second quarter financial results on 6th August 2024 at 11:00 AM eastern time, in a conference call with public.
Viper Energy (NASDAQ: VNOM) recorded a 5.27 percent shart drop during the regular trading session on Friday 2nd August 2024, amounting to $39.71. A trading volume of 1.01 million shares were exchanged. VNOM stock has been trading between $39.26 and $41.46 as yet. VNOM had closed previous day trading at $41.92.
